Dem Senator Manchin Hits The Brakes

After Biden’s March State of the Union address, West Virginia Senator Joe Manchin stated that he would not preserve the Build Back Better measure. If the enormous spending measure had passed, inflation would be considerably higher now.

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Reporters questioned the Democratic senator what he thought of Biden’s comments to Build Back Better and if he felt it was a good concept.

Regarding Democrats’ penchant for spending tax dollars, he stated, “They can’t help themselves.”

In addition, he did not believe the president’s assertion that his plan would reduce the deficit.

“I’ve never found out that you can lower costs by spending more,” he remarked.

Following the publication of a fresh data indicating that inflation reached 9.1% in June, Manchin maintained his opposition to the budget reconciliation package being negotiated with Schumer. After learning of the significant increase in inflation, Manchin stated that the measure “has to be cleaned up significantly.”

Manchin stated in an interview on Wednesday that he is unsure whether he can agree to anything beyond the prescription medication reform component of the plan, which has been forwarded to the Senate parliamentarian’s office and has the backing of all 50 Democratic senators.

“We know what we can pass is basically the drug pricing, OK, on Medicare,” he said to reporters. “Is there any more we can do? I don’t know, but I am very, very cautious.”

“And I’m going to make sure that I have every input on scrubbing everything humanly possible that could be considered inflammatory,” he added.

He continued by stating that “deficit reduction is going to be 50 percent” as a result of prescription medication savings and tax measures, such as a 3,8 percent tax on affluent people and couples whose income exceeds $400,000 or $500,000 from pass-through profits.

As a result of the most recent inflation data, he noted, negotiators would need to proceed with extra caution while drafting the budget measure due to the 9.1 percent price increase over the last year.

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“Basically, take your time and make sure we do it and do it right. We can’t afford mistakes in the highest inflation we’ve seen in the last 40 years,” he warned.

Manchin has argued against a goal set by other Democrats to pass the bill before the August recess, saying it must be passed by Sept. 30.

The senator, however, did not rule out extending subsidies for Medicare Advantage plans, explaining that whether or not he would support such an extension will depend on how it is drafted and funded.

“It depends on if we can look at things and find a pathway forward that is not inflammatory,” he explained.

To avoid further spurring an overheated economy, the West Virginia senator also emphasized that he prefers modest spending in the bill.

“Anything that can be inflationary right now with 9.1 percent should be a red herring because we cannot inflame this inflationary position we have right now with the hardship it has on everybody in the country, especially in my state,” he stated.

According to The Hill, “Manchin said there’s been no talk of lifting the cap on the state and local tax deduction (SALT), something that two Democrats from the Northeast, Reps. Josh Gottheimer (N.J) and Thomas Suozzi (N.Y.), are demanding.”

“SALT’s not been in the talks at all,” he declared.

Senate Democrats are getting increasingly sceptical about getting Manchin to agree to any reconciliation package broader than the prescription drug price reforms they mostly agreed to last year.

“Well, I’m glad to see he included prescription drugs,” noted Senate Democratic Whip Durbin (Ill.). “I’ve always been skeptical of reconciliation so we’ll see.”

Democrat Sen. Elizabeth Warren (D-Mass.) said Democrats will have to accept whatever support Manchin will provide.

“There’s so much we need to do but we do as we can get 50 votes for, and I will celebrate what we can get done and work harder than ever for the parts that are still pretty important,” she stated.

If the budget reconciliation package is fully funded, as Democrats have promised, this won’t increase inflation, Warren said.

“It’s important to understand which changes aggravate inflation and which ones ease inflation,” she asserted. “When spending is to get more workers into the workforce, for example, like universal childcare and it’s fully paid for by taxes on the rich, the consequences of that are not inflationary, they’re deflationary.”

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According to her, if all climate provisions are completely funded, “then there’s no inflationary impact.”

As Biden and Democrats in power have brought the country to the brink with their attempt to implement the Green New Deal, the Associated Press explained the effects, saying “Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families.”

With gas prices soaring along with grocery costs, many people are seeking charitable food for the first time, and more are arriving on foot.

Inflation in the U.S. is at a 40-year high and gas prices have been surging since April 2020, with the average cost nationwide briefly hitting $5 a gallon in June. Rapidly rising rents and an end to federal COVID-19 relief have also taken a financial toll.