Manchin raises concern over billionaire tax

[left-of-center2012]

Sen. Joe Manchin (D-W.Va.) on Wednesday said he doesn’t like the idea of targeting only the 700 wealthiest Americans to pay for a big chunk of the Democrats' spending package, raising doubts over a newly proposed tax on billionaires.

“I don’t like it. I don’t like the connotation that we’re targeting different people,” Manchin told reporters when asked about the new tax proposal sponsored by Senate Finance Committee Chairman Ron Wyden (D-Ore.) that would hit billionaires and people who earned $100 million or more in three consecutive years.

Manchin argued that the ultra-wealthy “bring a lot of jobs, invest a lot of money and give a lot to philanthropic pursuits.”

“I believe everyone’s going to pay. I believe that we will end up where everyone must participate,” he said.

https://thehill.com/homenews/senate/578703-manchin-raises-concern-over-billionaire-tax

[AleksS]

1. I'll play: I agree that EVERYONE should pay more tax on ALL income BEYOND the first $100 Million :)

I'm perfectly willing to support a tax on all Americans' income past their first $100 million in a year.

[Alhena]

2. My concern is it will have to be upheld by the US Supreme Court

apparently there's a legit argument it's not constitutional (no idea why but that's what even some Dems say), and I don't want to have to depend on 6 Republican justices to uphold it.

Just raise the rates and make Sinema vote against it. If she does and it fails look for plan B.

[Marthe48]

3. It seems like everyone but the richest already pay

When people and corporations like zuckerberg and Amazon pay less in taxes than any of my kids earn in a year, and teachers have to start Go Fund Me drives to buy supplies for their classrooms, who pays what is a disaster.

Maybe that misguided person would go along better if the tax was said to be on corporations. Like depersonalize big business. I doubt it, but just a thought.

[Mossfern]

4. Oy vey ist mir!

https://media.istockphoto.com/photos/woman-covers-face-in-hands-picture-id1202792903?k=20&m=1202792903&s=612x612&w=0&h=HWTw7qXwCpd2iwItpiW629XLTGbhO613FTDX2lMb57w=


Don't know how to copy the image.

[left-of-center2012]

7. ...

[Mossfern]

11. Thanks

How does one do it?
Recovering Luddite here....

[lindysalsagal]

5. Someone has video of him. I'm convinced.

Someone is puppeting him. His reactionary comments don't seem authentic. I sense an outside hand. Someday we'll find out who caught him doing something unflattering.

[Autumn]

12. I doubt that. He's just looking out for himself and his family's fortune.

[Etherealoc1]

6. Crystal clear now

Manchin and Sinema are trying to
sabotage the bill. He agrees with one
thing she disagrees with it and vice-versa at the very last minute.

They intend to water down the bill to
nothing. Good luck with getting the Progressives to vote for it.

[left-of-center2012]

8. "Manchin and Sinema are trying to sabotage the bill"

Manchin and Sinema are trying to sabotage the Biden administration.

[Blaukraut]

9. Exactly! I said this last week.

They're running out the clock by tag-teaming with their demands.

[IbogaProject]

10. Ok all millionaires have to file deeper disclosures

Ok all millionaires have to file deeper disclosures and we can have a nice graduated progressive tax. Only defer capital gains for those with incomes below 250K, 500K for two earners. Joe Manchin should pay his share, I agree.