Sen. Kyrsten Sinema is reportedly seeking changes in the tax provisions of the Schumer-Manchin climate and tax bill, and we hope the Arizona Democrat succeeds. She can save employers in Arizona, and manufacturers around the country, from a poorly constructed tax that would harm business investment.
The Schumer-Manchin deal would impose a 15% minimum tax on book income of corporations with more than $1 billion in profit and take $313 billion out of the private economy over 10 years. Democrats cite differences between income that corporations report on their financial statements with those they file in tax statements to claim they are somehow dodging taxes.
Opinion | Kyrsten Sinema Reads the Book Tax
Sen. Kyrsten Sinema is reportedly seeking changes in the tax provisions of the Schumer-Manchin climate and tax bill, and we hope the Arizona Democrat succeeds. She can save employers in Arizona, and manufacturers around the country, from a poorly constructed tax that would harm business investment.
The Schumer-Manchin deal would impose a 15% minimum tax on book income of corporations with more than $1 billion in profit and take $313 billion out of the private economy over 10 years. Democrats cite differences between income that corporations report on their financial statements with those they file in tax statements to claim they are somehow dodging taxes.