Thursday, October 21, 2021

Munchkin says Democrats’ $3.5 trillion budget bill remains ‘fiscal madness’ on eve of vote

On the eve of the voting deadline for the Democratic leadership’s $3.5 trillion spending bill, Sen. Joe Manchin (DW.Va.) dismissed the measure as “fiscal insanity”, warning it should be adjusted further. Without you you will not get your vote.

“I cannot and will not support trillions in spending,” Manchin said in a statement late Wednesday.

Manchin, whose vote is crucial to the bill’s passage, told reporters separately on Wednesday that he believes the specific broad measures proposed in the Biden-backed “Build Back Better Act” are needed to pass. It will take “a while” to complete the changes. Which was not prepared in a bipartisan fashion.

Without going into detail about his discussions with President Joe Biden, Munchkin said that “[the] reconciliation [bill] going to take some time; It’s not going to be one or two or three weeks.”

“There’s a lot, just [even] The tax code itself,” he said.

In his statement, the freely-minded West Virginia Democrat outlined how he intends to work on the reconciliation bill, which is set for a vote on Thursday.

“I want to do a tax overhaul. One thing you understand that all Democrats agree on, there aren’t many things we all agree on, is that the 2017 tax cut is unfair and weighted toward the high end. Let’s go. Let’s fix it. That’s reconciliation,” said Munchkin. “I think we can do a good bill. I really do, if we act in good faith.”

Republicans are universally opposed to the $3.5 trillion measure, which was passed in the House on August 24 amid the Afghanistan withdrawal crisis. Besides Munchkin, Sen. Kirsten Cinema (D-Ariz) is another Democrat who believes the price tag proposed by the party leadership is too high.

Meanwhile, Progressive Democrats have again threatened to derail a separate $1.2 trillion infrastructure bill—the second element of Biden’s “two-track strategy” for his Build Back Better agenda that aims to derail highways, highways, and highways. Will finance internet and other infrastructure projects – until moderated back. Also a package of $ 3.5 trillion.

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Earlier in September, Manchin argued in a Wall Street Journal op-ed that the measure would create “inflation and debt.”

“Spending trillions more on new and expanded government programs, when we can’t even pay for essential social programs like Social Security and Medicare, is the definition of fiscal madness,” the senator said in his statement on Wednesday.

“Ignoring the fact that we are not in a recession and millions of jobs are open, proposing a historic expansion of social programs will only fuel a laxity that could undermine our economic recovery.”

He said the reconciliation bill should be driven by “what we need and can afford”, not “reshaping the social and economic fabric of this country or retaliating taxes for wishful spending”.

The senator concluded by explaining what his decision would be at the next day’s talks.

“If there is one final lesson that will continue to guide me in this difficult debate ahead, it is this: America is a great nation, but great nations throughout history have been weakened by reckless spending and poor policies,” he said. . “Now, more than ever, we must work together to avoid these fatal mistakes so that we can fulfill our greatest responsibility as elected leaders and pass on a better America to the next generation.”

isabelle van bruggen

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Isabel van Bruggen is an award-winning journalist and currently a news reporter at The Epoch Times. He holds a Masters in Newspaper Journalism from City, University of London.

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This News Originally From – The Epoch Times

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