Sen. Bennet: Tax Provisions In Budget Deal Popular With Voters
Lawmaker defends provisions of deal with Joe Manchin
The tax increases on the ultra-wealthy and corporations contained in a new budget deal with Democratic Sen Joe Manchin are popular with the voters, according to a senator up for reelection.
The West Virginia conservative in the last week or so announced a new budget deal, which would cut prices for prescription drugs and combat climate change. It would also extend subsidies under so-called Obamacare.
The deal would address the so-called “carried interest loophole,” and impose a minimum tax on corporations which today many of whom today pay zero federal taxes.
These provisions are popular with voters, according to Bennet, who is running for a third term.
“I think that the tax provisions in the bill -- I mean, one is the carried interest loophole that you mentioned, that takes away I loophole that applies only to the very wealthiest hedge fund managers in the country,” he said in an interview with CNN. “The other, finally, a corporate minimum tax, people in Colorado have been asking for this for a long time because they know some of the largest corporations in America don’t pay any taxes. And they don’t think that’s fair.”
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