Stringfellow Hawk
Member
The powerful U.S. Chamber of Commerce on Wednesday launched a six-figure ad campaign pressuring moderate House Democrats to vote against a sweeping $3.5 trillion reconciliation package, warning the bill poses an "existential threat" to the economy's recovery from the pandemic.
The ads target Reps. Cindy Axne of Iowa, Angie Craig of Minnesota, Antonio Delgado of New York, Josh Harder of California and Elaine Luria of Virginia.
"This reconciliation bill is effectively 100 bills in one representing every big government idea that’s never been able to pass in Congress," U.S. Chamber of Commerce President and CEO Suzanne Clark said in a statement. "The bill is an existential threat to America’s fragile economic recovery and future prosperity."
Democrats are currently crafting a $3.5 trillion bill that seeks to dramatically boost federal investment in education, child care and paid family leave and would be funded by higher taxes on corporations and wealthy Americans.
Although formal legislation has not yet been released, some of the proposals include hiking the corporate rate to 28% from 21% – reversing a key part of Republicans' 2017 tax law. However, given their extremely slim margins in both the House and Senate, Democrats will need to ensure virtually every caucus member votes in lockstep to ensure the bill's passage.
The Chamber of Commerce joins other business groups, including the National Association of Manufacturers (NAM) and the Business Roundtable in lobbying against the proposed tax hikes. It urged Democrats to support the bipartisan $1 trillion infrastructure package, which the Senate approved earlier this month.
"We will not find durable or practical solutions in one massive bill that is equivalent to more than twice the combined budgets of all 50 states," Clark said. "The success of the bipartisan infrastructure negotiations provides a much better model for how Congress should proceed in addressing America’s problems."
https://www.foxbusiness.com/politic...-bill-threaten-us-economy-chamber-of-commerce
The ads target Reps. Cindy Axne of Iowa, Angie Craig of Minnesota, Antonio Delgado of New York, Josh Harder of California and Elaine Luria of Virginia.
"This reconciliation bill is effectively 100 bills in one representing every big government idea that’s never been able to pass in Congress," U.S. Chamber of Commerce President and CEO Suzanne Clark said in a statement. "The bill is an existential threat to America’s fragile economic recovery and future prosperity."
Democrats are currently crafting a $3.5 trillion bill that seeks to dramatically boost federal investment in education, child care and paid family leave and would be funded by higher taxes on corporations and wealthy Americans.
Although formal legislation has not yet been released, some of the proposals include hiking the corporate rate to 28% from 21% – reversing a key part of Republicans' 2017 tax law. However, given their extremely slim margins in both the House and Senate, Democrats will need to ensure virtually every caucus member votes in lockstep to ensure the bill's passage.
The Chamber of Commerce joins other business groups, including the National Association of Manufacturers (NAM) and the Business Roundtable in lobbying against the proposed tax hikes. It urged Democrats to support the bipartisan $1 trillion infrastructure package, which the Senate approved earlier this month.
"We will not find durable or practical solutions in one massive bill that is equivalent to more than twice the combined budgets of all 50 states," Clark said. "The success of the bipartisan infrastructure negotiations provides a much better model for how Congress should proceed in addressing America’s problems."
https://www.foxbusiness.com/politic...-bill-threaten-us-economy-chamber-of-commerce
