The Dims are planning to hit at the source of the new prosperous Trump economy, i.e. lowered corporate taxes. The Dims want to raise them again, substantially.
“Just last week, it was announced that the U.S. economy added 312,000 jobs in December. Over the past 12 months, wages have grown 3.2 percent and 2.6 million jobs being created. The U.S. has been named the most competitive economy in the world. Manufacturers just had their most successful year since 1997 and small business optimism is at record highs. Raising the corporate rate, as House Democrats are proposing, would undo these gains.”
Is it out of spite? Just to deny the GOP its economic glory? Or merely to tax and spend as the Dims usually do? They have many palms to grease. No matter. Until the Senate turns blue, it won’t happen.
Via Americans for Tax Reform