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.
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.
More on this story via The Republic Brief:
“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. CONTINUE READING…