Richard Rubin
speaker
1,496 appearances
29 recordings
1 series
first heard Oct 2017
last heard Jan 2024
Richard Rubin’s voice in public audio — every appearance, attributed to the second.
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Appearances
He had significant proposals for tax increases on corporations, on high-income individuals, and also for some tax cuts as well.
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And so...
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he talked about it quite a bit on the campaign trail.
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Oh, there's an enormous difference between what happens if Democrats are able to win those two runoffs in Georgia in January and take the Senate versus not.
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Let's just take those two scenarios in turn.
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If the Democrats don't win those two and Republicans end up with a majority in the Senate, then basically all of the Biden tax increase proposals are off the table.
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Republicans would have the ability to prevent them from even coming to a vote in the Senate or
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And there's really just not much at all of a clear path for how they would get enacted.
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Republicans oppose tax increases in general, Mitch McConnell in particular, the Senate majority leader.
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And so we can talk some more about what kinds of things might happen on taxes with a Republican-controlled Senate.
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But really, it would be a sort of blockade just the way that we saw a blockade on a lot of tax increase proposals when Republicans were in charge of the Senate in the final years of President Obama's term.
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The other way, you know, you asked about sort of a slim majority.
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The difference between a slim Republican majority and a slim Democratic majority is really big because then the Biden proposals could, at least in some form, move through under fast-track procedures that only require a simple majority.
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In a 50-50 Senate with...
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Vice President-elect Harris breaking any tie votes, they could move through some tax increases.
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It would be tricky.
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They'd have to be the tax increases that could get just enough support in the House and also sort of unite the moderate and progressive parts of the Democratic caucus in the Senate.
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But whatever you could get 50 votes for in the Senate, you could do.
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And so there's actually a lot on the line in these races in Georgia because that will really tell us a lot about the tenor of what the next couple of years are going to look like.
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Yes, in the sense that with Democratic control of the House, they can at some level set the agenda and they've got, you know, they would have at least one chamber and maybe two.
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