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Manchin opposes corporate tax hike in Biden's infrastructure bill

Sen. Joe Manchin (D-W.Va.) forewarned in a radio interview Monday that he will not support a hike in the corporate tax rate from 21% to 28% as proposed in President Biden's infrastructure bill, adding that there are "six or seven other Democrats that feel very strongly about this.”

Why it matters: The tax hike is Biden's pitch on how to pay for the $2 trillion price tag on his American Jobs Plan. But pushback from moderate Manchin could scupper the bill, as a 50-50 split in the upper chamber has made each Democratic vote a must-have.

  • Manchin said he thinks the corporate tax rate should have "never been below [25%]" and that he would be comfortable with that number.

Between the lines: Senate Minority Leader Mitch McConnell said last week that he will fight against Biden's plan, signaling that there will be no Republican support for the measure.

  • And with the filibuster still in place, Democrats will also likely still need to pass the measure through a budget reconciliation process in order to avoid the need for 10 Republican votes, even if the entire Democratic caucus supports it.

What he's saying: "As the bill exists today, it needs to be changed ... Bottom line is that's what legislation is all about. This bill will not be in the same form you've seen it introduced..." Manchin said, adding that Biden's proposal might be broken up into three separate bills.

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Biden administration suspends oil and gas leases in Arctic National Wildlife Refuge

The Interior Department suspended nearly a dozen oil and gas leases in the Arctic National Wildlife Refuge on Tuesday, the agency announced.

Why it matters: The move, which will require a new environmental analysis, will undo former President Trump's most significant environmental actions in his final days in office.

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Biden's infrastructure deal gives no clarity on corporate or individual tax rates

President Biden yesterday announced "we have a deal" on an infrastructure bill, while surrounded by a bipartisan group of senators in the White House driveway.

Between the lines: No they don't. Unless you want to make the word "deal" as squishy as the word "infrastructure" has become.

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Sha'Carri Richardson's weed suspension says a lot about mental health in sports

America's best shot for Olympic gold in the women's 100 meters won't be competing, after testing positive for marijuana.

Driving the news: U.S. favorite sprinter Sha'Carri Richardson has been suspended after testing positive for marijuana that she said she used to cope with her biological mother's death, which had put her in "a state of emotional panic."

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Latin America and the Caribbean wait for COVID-19 vaccines

Data: Our World In Data; Map: Axios Visuals

Latin America and the Caribbeanhave the highest weekly death rate per capita of any region in the world, and it could climb, with vaccinations difficult to come by and hospitals still short on staff and equipment like ventilators and oxygen tanks.

Why it matters: Fewer than 10% of the people of Latin America and the Caribbean have been fully vaccinated against COVID-19 since immunization campaigns started in December, mostly due to the low availability of doses.

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