Ever since 1993 when Republicans blocked Bill Clinton’s proposed BTU Tax, the ultra corrupt Republican Party has fiercely opposed any legislation to reduce Greenhouse Gasses (GHGs) and mitigate the destructive effects of climate change. Over the past 28 years the Republican Party’s refusal to even acknowledge the existential threat that Global Warming poses, demonstrates that their party’s utter corruption has become a threat to thwe human civilization.
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54% of voters back a 25% corporate income tax, and 31% oppose.
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The controversial but largely bipartisan proposal of a carbon tax on those emitting greenhouse gases was roughly as popular as the corporate income taxes, at 52% in support and 34% opposed.
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An increased gasoline tax is comparably unpopular with voters (at 31% in support and 59% opposed), especially with Republicans (16% vs. 76%).
While Biden initially proposed paying for his plan in part through upping the country’s corporate income tax rate to 28 percent, certain lawmakers — including key swing vote Sen. Joe Manchin (D-W.Va.) — have resisted the possibility, instead pushing for other taxes that would target those benefiting from the infrastructure investments most, such as raising the existing rate for gasoline.
However, new polling from Morning Consult polling found that none of these more targeted options is as popular with voters as a 25 percent corporate income tax (a rate Manchin has said he would be open to), backed by a share of 54 percent and opposed by 31 percent.
A 28 percent corporate income tax was only marginally less popular, at 51 percent in support and 35 percent opposed. Both plans targeting corporations — which would unfold over the course of 15 years — saw significantly more support from Democrats than from Republicans: 75 percent vs. 31 percent, respectively, for the lower tax rate and 73 percent vs. 27 percent for the higher level.
The controversial but largely bipartisan proposal of a carbon tax on those emitting greenhouse gases was roughly as popular among voters as the corporate income taxes, at 52 percent in support and 34 percent opposed.
Meanwhile, it has been suggested that a carbon tax would be an appropriate mechanism for paying for the investments, especially in light of the American Petroleum Institute recently calling for the government to set a price on carbon emissions (though the trade association did not specifically use the words “carbon tax”). Sen. Mitt Romney (R-Utah) has also floated the idea to mitigate climate change more broadly.
This is encouraging. But expect corrupt Republicans to try and dismiss the will of the people as they pander to their big corporate donors. Democrats need to keep reminding Republicans that they are on the wrong side of history, and on the wrong side of the American people.