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Manchin suggests tax, policy changes he'd want in Biden's spending bill
Schumer’s ‘bluffing’ on promises to hold vote on spending bill: Marc Short
Former Pence chief of staff Marc Short discusses Senate Majority Leader Chuck Schumer making promises to hold the vote on Biden’s spending bill.
Moderate Democrat Sen. Joe Manchin outlined some major changes to President Biden's massive spending bill that could elicit his support, one day after he abruptly torpedoed the $1.7 trillion social spending and climate package.
Speaking during a radio station interview in his home state of West Virginia, Manchin offered a blueprint to Biden and other Democratic leaders to potentially revive a narrow version of the tax-and-spending bill when Congress returns in January. He said the legislation should go through Senate committees in order to examine its economic effect and focus on rolling back the 2017 Trump tax cuts.
"The only reason I even voted to get on reconciliation was to fix the taxes so that everybody paid their fair share," Manchin said on West Virginia MetroNews, his first public response since he dealt a fatal blow to the Build Back Better bill. "The ultra-wealthy, corporations that weren't paying anything, everyone would pay their fair share."
BIDEN PITCHES REVAMPED MILLIONAIRES TAX, GLOBAL MINIMUM TO FUND SPENDING BILL
Although the spending bill included a number of changes to the tax code – including a 15% tax on companies' book income and a surcharge on ultra-millionaires – Biden had watered down the bulk of his proposed increases in order to placate Sen. Kyrsten Sinema, D-Ariz., who criticized the steep increases in corporate taxes, capital gains taxes and income taxes.
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