This seems misleading. 28% is less than Biden’s 39.6% tax proposal for 2025, but still greater than the 20% tax we have now. More importantly, this proposal would just be a request - Congress can make whatever amendments they want.
I could be wrong and would accept evidence to the contrary, but I don’t think Congress was going to pass Biden’s 40% proposal for FY25, anyway, in which case 28% would be a compromise in the right direction.
I think she’s making the same mistake Obama made with healthcare: coming from a background as senators under Republican presidents, they gravitate toward proposals that would likely have passed as-is in the Congresses they served in; but when it’s a Democratic president making the proposal, Congress will water it down as a matter of principle no matter how moderate it is to start with.
This seems misleading. 28% is less than Biden’s 39.6% tax proposal for 2025, but still greater than the 20% tax we have now. More importantly, this proposal would just be a request - Congress can make whatever amendments they want.
I could be wrong and would accept evidence to the contrary, but I don’t think Congress was going to pass Biden’s 40% proposal for FY25, anyway, in which case 28% would be a compromise in the right direction.
I think she’s making the same mistake Obama made with healthcare: coming from a background as senators under Republican presidents, they gravitate toward proposals that would likely have passed as-is in the Congresses they served in; but when it’s a Democratic president making the proposal, Congress will water it down as a matter of principle no matter how moderate it is to start with.