On CNN’s Thursday show “The Lead,” Sen. replied. Chris Koons (D-DE) said that “our group is here for it” of tax support, amid concerns that the minimum corporate tax in a settlement bill could hurt production. “While the possible impact on competitiveness has to be taken into account, the expenditures in the CHIPS account will help production.
“The most important thing is that we pass this bill,” Koons began.
Host Jake Tupper said, “September. Toomey was on the show Sunday and said that the problem with the minimum corporate tax requirement is that it affects companies’ ability to invest money in future production, which is part of Trump’s 2017 tax bill. How do you dispute this argument?”
Kuna said, “Well, let’s get it straight. It’s the minimum tax on companies that make more than $1 billion a year, and the idea as a simple principle is that there should be the lowest amount of taxes paid by the richest Americans and the most profitable companies. That’s what our group is for. How does that make it competitive? You know, Jake, I’ve been a man in production for eight years, and we’re going to go to sign the bill on Tuesday where President Biden will sign the last big bill we pass here in the Senate with a bipartisan vote, CHIPS, and science, So I think we should look at these two pieces of legislation, the incentives and investments in manufacturing from the CHIPS and Science bill we passed last week, and the possible impact on that in terms of minimum tax to the company. that we should not leave the house until we carry I don’t think we should get out of Washington after all.”
Source: Breitbart
