Confusion may be Democrats' friend in drive to raise corporate taxes

[Yo_Mama_Been_Loggin]

Democrats have a secret weapon in their bid to raise corporate taxes: Much of it will seem incomprehensible.

To defray the cost of their $2 trillion infrastructure spending plan, they are turning to one of the densest, most impenetrable parts of the tax code in search of revenue. They want to raise hundreds of billions of dollars by changing the arcane rules governing how multinational corporations do their taxes.

It is a section of the tax system that even gives tax experts trouble, and it comes with a vernacular that will mean nothing to most lawmakers: GILTI, QBAI, earnings stripping, intangible income, Subpart F, transfer pricing, FDII, BEAT.

-snip-

Most members of Congress don’t understand the first thing about the international corporate tax system and won’t have the bandwidth to figure it out — which should make Democrats’ proposals easier to approve.

https://www.msn.com/en-us/news/politics/confusion-may-be-democrats-friend-in-drive-to-raise-corporate-taxes/ar-BB1fqrpX

[JT45242]

1. Nice thought but nope it will have no effect

Every (R) will vote NO on everything. They will not negotiate for compromises and even if they do in amendments. They will vote NO on the whole legislation.

The only thing that appears to matter is whether or not Manchin will toe the line or ruin everything.

Sweeten the deal by putting in a few extra bridges and roads in WV -- put WV at the front of the line for guaranteed broadband for all residents. I just don't care what you have to promise the residents of WV so that he cannot risk the political backlash to vote NO along with MITCH and every (R) toadie.