10 Things in Politics: Biden wants top companies to pay up
Good morning! If this was forwarded to you, sign up here. I’m Brent Griffiths. Send tips to firstname.lastname@example.org or tweet me @BrentGriffiths.
Here’s what we’re talking about today:
Biden says he’s open to negotiating on how to pay for his $2 trillion jobs plan
62 million doses of Johnson & Johnson vaccine need to be checked for contamination
The White House will unveil six steps on gun control later today
With Jordan Erb.
1. WILL BIDEN MAKE A DEAL?: President Joe Biden says he’s willing to cut a deal on parts of his infrastructure plan. He said he could accept a lower corporate tax rate than the 28% he proposed to help pay for his $2 trillion jobs over 15 years. But Biden also offered a resounding defense of both the scope of his plan and the idea that companies are not paying their fair share.
Key quote: “We’re going to — we’re going to try to put an end to this. Not fleece them — 28%. If you’re a mom, a dad, a cop, firefighter, police officer, et cetera, you’re paying close to that in your income tax,” Biden said at an event outlining his plan.
The gap between the two parties seems difficult to bridge: Republicans have slammed the proposal for stretching the definition of infrastructure. They have also zeroed in on paying for it with one of the largest tax increases in decades, not to mention that raising the corporate rate would undo part of the signature tax law enacted by former President Trump and the GOP.
Biden may not have a choice: Without Republican support, Democrats could not lose a single vote in the Senate and currently could stomach only two dissenters in the House. Sen. Joe Manchin of West Virginia’s latest broadside against the special legislative procedure of reconciliation, which lets Democrats pass bills despite GOP objections, further complicates the outlook.
2. Biden to take first steps on gun control: He plans to announce tighter regulations for buyers of so-called “ghost guns” by requiring them to undergo background checks. The White House is also instructing the Justice Department to draft model “red flag” legislation for states, an area that has received bipartisan support. More on his six orders that will be announced later today.
Gun control advocates have pushed Biden for more: The president built a bond with the families of those gunned down in the 2012 Sandy Hook Elementary School shooting. Biden was tasked with helping pass legislation in the wake of the tragedy while vice president, but a proposal to expand background checks narrowly failed in the Senate. Many activists see this as his second chance.
3. 62 million doses of Johnson & Johnson’s vaccine need to be checked for contamination: The doses come from a Baltimore factory that already had to throw out up to 15 million doses due to contamination issues, The New York Times reports. The issue could affect Johnson & Johnson’s promise to produce 24 million doses by the end of the month. More on the situation here.
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.