Pivotal Sen. Joe Manchin appears to be on board with White House proposals for new taxes on billionaires and certain corporations to help pay for President Biden’s scaled-back social services and climate change package. Biden huddled with the conservative West Virginia Democrat and Senate Majority Leader Charles E. Schumer (D-N. Y. ) at the president’s Delaware home Sunday to work on resolving the disputes between centrists and progressives that have stalled the Democrats’ wide-ranging bill. A person who requested anonymity to discuss Manchin’s position told the Associated Press that the senator is agreeable to the White House’s new approach on the tax proposals. What had been a sweeping $3. 5-trillion plan is now being eyed as a $1. 75-trillion package. That’s within a range that could still climb considerably higher, according to a second person who requested anonymity to discuss the private talks. House Speaker Nancy Pelosi (D-San Francisco) said that even at half the original $3. 5 trillion proposed, Biden’s signature domestic initiative would be larger than any other legislative package containing investments in healthcare, child care and strategies to tackle climate change.“It is less than what was projected to begin with, but it’s still bigger than anything we have ever done in terms of addressing the needs of America’s working families, ” Pelosi said Sunday on CNN’s “State of the Union. ”Democrats are working intensely to try again to wrap up talks on the measure so the president can spotlight his administration’s achievements to world leaders at two overseas summits that get underway this week on the economy and climate change. Biden met with Manchin and Schumer at his Wilmington, Del., home after Democrats missed last week’s deadline to resolve disputes. Biden has said that he would like to see a $2-trillion package and that they are trying again this upcoming week to reach agreement. It’s unclear what level of the new taxes Manchin would support, but he generally backs the White House proposals, according to the person who requested anonymity to discuss Manchin’s position. Neither person requesting anonymity was authorized to discuss the negotiations by name. The White House said the breakfast meeting was a “productive discussion” about the president’s agenda. The talks appeared to last for hours, but no decisions were announced. The Democrats “continued to make progress, ” the White House said in its post-meeting statement. Resolving the revenue side is key as the Democrats insist that the new spending would be fully paid for by the various taxes. Manchin and another Democrat, Sen. Kyrsten Sinema of Arizona, have almost on their own halted Biden’s proposal from advancing. With Republican opposition and an evenly split 50-50 Senate, Biden has no votes to spare, and the two Democratic senators have insisted on reducing the size of the enormous package and pressed for other changes.
All data is taken from the source: http://latimes.com
Article Link: https://www.latimes.com/politics/story/2021-10-25/senator-joe-manchin-agreeable-wealth-tax-biden-plan
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