Infrastructure plan is likely to substantially raise both high-income individual taxes & the corporate tax rate. Biden’s 2nd most likely major agenda item is going to be more difficult to pass & not primarily due to the filibuster
axios.com/corporate-tax-…
axios.com/corporate-tax-…
Business opposition & high-income voter opposition are both associated with difficulty enacting proposals, even if they are supported by the public as a whole. Democratic leaders are not aligned with business, but business still has the power to block most change
https://twitter.com/mattgrossmann/status/1311654465439756290
It is also the norm for intra-party disagreement to stop many major party priorities from becoming law:
Much discussion of bills with near zero chance of passage, but even the next most likely bill to pass (infrastructure, after COVID) faces big obstacles
https://twitter.com/MattGrossmann/status/1318594179321257987?s=20
Much discussion of bills with near zero chance of passage, but even the next most likely bill to pass (infrastructure, after COVID) faces big obstacles
Since the COVID bill had no pay-fors, it was easier to limit intra-party opposition.
As we start to see details & members' distinct priorities come out now, especially in a drawn out public process, an initially popular bill could lose support:
As we start to see details & members' distinct priorities come out now, especially in a drawn out public process, an initially popular bill could lose support:
https://twitter.com/MattGrossmann/status/1369639437773271042?s=20
• • •
Missing some Tweet in this thread? You can try to
force a refresh
