Pelosi Insists Dems’ $3.5 Trillion Spending Bill Will Be ‘Fully Paid for’
House Speaker Nancy Pelosi (D-Calif.) insists that Democrats’ $3.5 trillion spending package will be paid for. During a press conference on Thursday, CNN’s Manu Raju asked if Sen. Kyrsten Sinema (D-Ariz.) had shared her…
House Speaker Nancy Pelosi (D-Calif.) insists that Democrats’ $3.5 trillion spending package will be paid for.
During a press conference on Thursday, CNN’s Manu Raju asked if Sen. Kyrsten Sinema (D-Ariz.) had shared her opposition to raising corporate tax rates with Pelosi. He also asked, “Could this be fully paid for as you have promised if her view prevails?”
“The bill will be fully paid for. The matter is in the hands of our chairs of the finance committee and the ways and means committee,” she added.
Raju pressed if Sinema has shared her opposition to increasing the tax rates, Pelosi said, “Her position is well known.”
Watch the the video:
President Joe Biden originally proposed raising the corporate tax rate from 21% to 28% to help pay for the bill. However, White House officials reportedly told Democratic lawmakers that the tax increase is not likely to make it into the final bill.
Sinema, a key vote in the Senate, has reportedly voiced opposition to increasing tax rates for business, high-income individuals, or the capital gains tax.
As The Wall Street Journal notes