Coons on Concerns Reconciliation Bill’s Tax Increase Will Hurt Manufacturing: Need to Look at That, But We Support Tax Increase

On Thursday’s broadcast of CNN’s “The Lead,” Sen. Chris Coons (D-DE) reacted to concerns that the corporate minimum tax in the reconciliation bill could harm manufacturing by stating that supporting the tax “is something our caucus has come together behind.” And that while the possible impact on competitiveness should be looked at, spending the CHIPS bill will help manufacturing.

Coons began by saying, “The most important thing is that we get this bill passed.”

Host Jake Tapper asked, “Sen. Toomey was on the show Sunday and he said the problem with requiring a minimum tax for corporations is that it affects the corporations’ ability to invest that money in future manufacturing, which was part of the 2017 Trump tax bill. How do you

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