Lowry: Muddled tax plan can’t do what it says

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Lowry: Muddled tax plan can’t do what it says
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Manchin is an arsonist who shows up to put out the fire with a leaky hose.

The tax piece isn’t any better. The 15 percent corporate income tax will hit manufacturers particularly hard, including the semiconductor manufacturers that Manchin and the Senate just went out of their way to subsidize. Again, which is it — do those companies deserve to be subsidized more or taxed more?

Also, he further denies the bill increases taxes on those making less than $200,000 a year, despite the Joint Committee on Taxation finding exactly that. The committee estimates that people making between $50,000 and $75,000 would see an 0.8 percent increase next year.

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