Our LGBTQ Senator Kyrsten Sinema Update
She’s starting to look like a shero!
On Monday night’s Rachel Maddow Show, Senator Elizabeth Warren (D-MA) was
asked whether she was able to influence the Arizona lawmaker.
RACHEL MADDOW: Can you tell us anything about what Senator Sinema is willing to talk to you about and where she might be in terms of how this is going to resolve?
ELIZABETH WARREN: So look, I`m not going to talk about private conversations but what I will say is that as Democrats it is important for us not only to have a package of the things we want to get done like universal child care, and universal preschool, and expanded health care, and fighting back against climate change, but also that we pay for it in a way that helps unrig the system at least a little bit.
And sure, I like to see us raise corporate rates, raise individual rates, but that`s still not going to solve some of the key problems. Right now, billionaire individuals and billionaire, profitable corporations are paying either little or nothing in taxes, and that is wrong. So we have an opportunity right now to do a billionaire`s tax for, yeah, Jeff Bezos. I`m looking at you. These guys who declare $83,000 in income and, of course, control billions of dollars in assets, and companies like Amazon that declare $10 million in profits publicly and pay nothing in taxes.
If we come in and do a tax on the fewer than 700 billionaires we`ve got and we do it based not on their income, we got to do it based on what they own, and we do a minimum corporate tax, we cannot only help fund a lot of that child care and climate change fight that we need to fund, we can also help make the system a little fairer. So we`ve got some possibilities here.
The Financial Times Christopher Grimes reports that Senator Sinema will back the proposed corporate minimum tax.
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Her stance appeared to soften somewhat this week, however, as she backed a proposal by Democrats Elizabeth Warren and Ron Wyden on Tuesday to introduce a 15 per cent tax on the most profitable American companies.
Sinema’s agreement on the 15 per cent corporate tax could signal a new willingness to negotiate. The senator had opposed raising the corporate tax rate, but said the Warren-Wyden proposal was a “common sense” step that would guarantee that large companies paid a “reasonable” minimum rate.
If this bill and the new taxes are adopted - she'll be a SHERO to me!
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