Senator Joe Manchin says he’ll oppose an economic measure he’s been negotiating with Democratic leaders if it includes climate change action or higher taxes on the rich or corporations.
2010 health care law are also top Democratic priorities. Manchin’s stance puts his party in the position of having to decide whether it should reluctantly declare victory by solely addressing some of its health care goals, as opposed to demanding more but potentially ending up with nothing.
. The government reported this week that consumer costs last month grew by an annual level of 9.1%, the highest figure in four decades."Political headlines are of no value to the millions of Americans struggling to afford groceries and gas as inflation soars to 9.1%," Runyon said.
Biden and congressional Democrats have been hoping to enact a roughly $1 trillion version of the $2 trillion bill that Manchin killed in December and tout it as an achievement before the November elections. Republicans, who hope to capture House and Senate control in the fall voting, say the new measure would worsen inflation by boosting spending and raising taxes.Manchin, one of Congress' more centrist Democrats, has enormous leverage, much to the dismay of many in his party.
"It seems odd that Sen. Manchin would choose as his legacy to be the one man who single-handedly doomed humanity. But we can’t throw in the towel on the planet," said John Podesta, founder of the liberal Center for American Progress, who said Biden should use his executive powers to take climate action.
Just this week, two Democratic aides said bargainers were planning to include a proposal to extend the solvency of Medicare for three more years by applying an existing 3.8% tax on high earners to many people who earn income from some tax-advantaged business entities. Asked about that, Runyon said Manchin has always supported keeping Medicare solvent and reducing pharmaceutical costs.
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