Dear Friend,

Please join us for a special virtual celebration of Democracy Now!’s 25th anniversary on December 7 with Angela Davis, Greta Thunberg, Noam Chomsky, Arundhati Roy, Winona LaDuke, Martín Espada, Danny DeVito & many more! Your donation today will help keep this event free for our worldwide audience and will support our fearless, independent journalism throughout the year. Your donation of $10 would go a long way right now. If you can give $50 or more, you’ll get to choose from some great 25th anniversary gifts! Thank you so much and we look forward to celebrating with you on December 7 at 8 p.m. ET at democracynow.org.
-Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Sen. Manchin Won’t Back White House Bid to Partially Roll Back Trump-Era Corporate Tax Breaks

HeadlineApr 06, 2021

Back in the U.S., Senate Democrats have unveiled a plan to overhaul U.S. taxes on corporations — more than three years after President Trump and Republican lawmakers cut the top corporate tax rate from 35% to 21%. On Monday, West Virginia Democratic Senator Joe Manchin said he opposes a White House plan to raise the corporate tax to 28%, saying he might be open to a partial rollback of Trump’s corporate tax cut to 25%. Manchin is a key swing vote in the evenly divided Senate.

Meanwhile, Treasury Secretary Janet Yellen called Monday for a minimum global corporate income tax to help pay for President Biden’s proposed $2.25 trillion infrastructure and jobs plan.

This comes as a new study finds at least 55 of the wealthiest U.S. corporations — including FedEx, Duke Energy and Nike — paid zero dollars in taxes last year on tens of billions of dollars in profits.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top