Manchin And Schumer Agree On Build Back Better Deal Following Over A Year Of Talks
Darian Douraghy
|
Is Joe Manchin done sticking out as a sore thumb against the far left’s agenda? After a long lull, it appears the Democrats’ “Build Back Better” legislation is starting to move after Sen. Joe Manchin (D-VA) announced that he managed to reach an agreement with Senate Majority Leader Chuck Schumer on a reconciliation bill.
This news comes after Democrats attempted to force Manchin into agreeing with the legislation for over a year. Manchin has often stood tall against various aspects of the radical left’s agenda, famously remaining steadfast in his opposition to abolishing the filibuster. He also in the past publicly stated his distaste of Joe Biden’s unconstitutional forced Covid-19 inoculation order, saying he does “not support any government vaccine mandate on private businesses.”
The legislation previously was slated to cost over $3 trillion.
Manchin reportedly gave a lengthy statement Wednesday explaining that his negotiations with Democrats resulted in a deal for a scaled-down bill that includes provisions for changes in policy regarding taxes, climate, and prescription drugs.
“For too long, the reconciliation debate in Washington has been defined by how it can help advance Democrats political agenda called Build Back Better,” Manchin said. “Build Back Better is dead, and instead we have the opportunity to make our country stronger by bringing Americans together.”
The Democrats plan on pushing the legislation through the senate by invoking the process of budget reconciliation, allowing them to skip past the Senate filibuster despite only having 50 votes.
The bill will levy a minimum 15% tax on companies worth more over $1 billion as well as invest in numerous forms of energy, including fossil fuel, nuclear, and renewables, according to Manchin. Fox News reported that it will also extend subsidies included in the Affordable Care Act (ACA).
“I now propose and will vote for the Inflation Reduction Act of 2022. Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are paying, lower the cost of health insurance and prescription drugs, and ensure our country invests in the energy security and climate change solutions,” Manchin said.
“President Biden, Leader Schumer and Speaker Pelosi have committed to advancing a suite of commonsense permitting reforms this fall,” he also announced.
Office-holding Republicans have blasted the deal, often arguing it will worsen the economy.
“Senate Democrats can change the name of Build Back Broke as many times as they want, it won’t be any less devastating to American families and small businesses,” said Senator John Cornyn of Texas. “Raising taxes on job creators, crushing energy producers with new regulations, and stifling innovators looking for new cures will only make this recession worse, not better.”
“With inflation at a 41-year high and a looming recession, Democrats want higher taxes, more government spending, and to attack American energy,” commented Senate GOP Conference Chair John Barrasso (R-WY). “So much for helping American families.”
Share: