Senator Susan Collins pushes back corporate tax rate by 28%

Moderate Republican Senator. Susan collinsSusan Margaret CollinsSunday shows preview: Biden hits the road promoting infrastructure proposals; US begins withdrawal from Afghanistan Trump drama divides GOP, confused message Here are the three Republicans who voted to overturn Trump’s methane rule READ MORE (Maine) said on Sunday it would not support the proposed 28% corporate tax rate in President BidenJoe Biden Fires, smoke, floods, droughts, storms, heat: America needs a climate resilience strategy Senator Susan Collins pushes corporate tax rate by 28%, says jobs will be lost The advisor Biden Economic Defines Infrastructure Plan as a Necessary Investment READ MOREthe $ 2.25 trillion infrastructure plan, indicating that jobs would be lost.

About CNN’s “State of the Union”, host Jake tapperJacob (Jake) Paul TapperSen. Susan Collins Pushes Corporate Tax Rate 28%, Says Jobs Will Be Lost, CNN’s Sanjay Gupta Says Uncle Dies Amid COVID-19 Spike In India Biden Meets TV Presenters Before Address commune PLUS asked Collins how willing she would be to compromise on Biden’s plan.

“Well, at this point, I think now that the Republicans have made a reasonable offer, it’s up to the president to make us a counter-offer,” Collins said, noting that the cost of Biden’s recent proposals has risen. amounted to over $ 4 trillion.

“This is the amount we spent to win World War II,” Collins said. “So this is a huge package when you take both the traditional pieces of basic infrastructure and the huge expansion of social programs that the president is advocating.”

Tapper noted that Collins has expressed support for increasing the corporate tax rate to help pay for Biden’s infrastructure plan, asking what increase she would consider.

“Let me tell you what I will not support. I will not support American companies that are once again paying the highest corporate tax rate among developed countries in the world, and, unfortunately, that’s what 28 percent would be, ”Collins said. “And that means the jobs would go overseas again. So I think we need to look at a wide variety of compensation, but first we need to determine the scope of the bill, and we need to determine what the number is. business. is going to be. “

Collins said it would be “premature” to discuss how to pay for the infrastructure plan, saying the exact amount needed had not yet been determined.

–Updated at 1:14 p.m.

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