re: Explain to me the new tax increases

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First, no one is claiming that offshoring of profits isn't a concern...That's not changing under this proposal. Your concern about repatriation is unfounded.

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My goodness, I already admitted I was being glib.

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It's included in the infrastructure bill because they are proposing offsetting some of the costs of the bill with the corporate tax hikes. Whether we agree or disagree, this administration has chosen to very publicly link the two.

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Uhm, it is exactly whether we agree or disagree to use this method. They made not effort to link the two at all. Generally there is sense that yes, people or entities will pay higher taxes but they will reap some benefits. This is historically the case with infrastructure bills and fuel taxes. I don't believe (but I could be wrong) that an infrastructure bill has ever been funded by a corporate tax hike. That should give people pause.

They have completely severed this connection. It is now:
Biden Admin "you want infrastructure and I will tax BIG CORPORATIONS to pay for it!"

Populace: "Yay! Stick it to 'em and get me my roads!"