As part of President Biden’s infrastructure plan, Democrats have a chance to push Corporate America to pay something closer to its fair share.
The least we should do is bring the corporate tax rate back up to where it was (35%) before Donald Trump and congressional Republicans slashed it in 2017.
But President Biden’s proposal is far more modest, raising the corporate tax rate to just 28%. And there’s talk of accepting a “compromise” corporate tax rate of just 25%.
If we’re going to raise funds to pay for infrastructure, then super-profitable corporations should — and can afford to — pay their fair share. After all, Corporate America relies on roads and bridges, electricity grids and water/sewage systems, communications and IT networks, the public education system, fire and police services, the public health system, and other essential infrastructure to do business. Do not settle for a 25% corporate tax rate.
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We must stop the billionaire Koch brothers from using their immense wealth to influence university research and spread their corporate-friendly ideology.