(trendingpolitics) – In conjunction with Chuck Schumer, Joe Manchin (D-WV) resurrected major elements of President Joe Biden’s “Build Back Better” plan on Wednesday in a surprise accord.
The “Inflation Reduction Act of 2022” was passed by Senate Democrats. According to The Wall Street Journal, the bill calls for more taxes on multibillion-dollar corporations; $369 billion in climate and energy initiatives; and a three-year extension of health insurance subsidies for anyone covered under the Affordable Care Act.
Manchin has rightly blasted down Democratic efforts to force forward Biden’s priorities in recent weeks and allegedly informed Democratic politicians he would “unambiguously” refuse to endorse climate change and tax hike legislation. However, the Senator we all thought is on the right side of reasoning is now conceding to Biden’s madness.
According to Fox News, it is now being claimed by the senator from West Virginia that resolving differences with Democrats on this measure is essential to combating inflation.
If they want to avoid stoking the flames of inflation, Manchin said in a statement on Wednesday, they must be candid about the present situation that America now faces. “Getting our financial house in order is the primary goal of reconciliation. Contrary to popular belief, the United States cannot buy its debt or inflation away.”
President Biden has resurrected his own agenda in the face of mounting criticism from members of his own party regarding the failure of the president to achieve any significant policy measures during his first year and a half in office. President Biden’s failure to do so has been cited as the reason for the criticism. A “red wave” is expected to hit the Democrats during the next midterm elections; as a result, the Democrats intend to circumvent the Senate filibuster and instead use the budget reconciliation mechanism to pass the bill along party lines before the elections.
However, even with Manchin reaching an agreement with sleepy Joe, there’s still Senator Sen. Kyrsten Sinema (D-AZ) to deal with. She has rightly opposed many of Biden’s crazy agendas. Hopefully, she will remain sensible enough to oppose the absurdities in Biden’s ridiculous bill till the end.
The Biden’s “Build Back Better” plan had been slammed by Manchin in a previous statement, which he said was an attempt to spend trillions of dollars while the country is dealing with inflation. Although it is a significant reduction from his original $3 trillion budget, the Manchin-Schumer new agreement contains parts that the senator had formerly opposed.
Worthy of note is that Manchin did not go into depth about what caused him to reconsider his position. However, we believe Biden must have enticed him with something.
Manchin agreed to the package that he refers to as a law that combats inflation just one day before the GDP figures for the third quarter were scheduled to be released. The GDP results released are bad and it is the second consecutive quarter which the result has shown negative. In addition, the published economic result show that Biden has successfully led us into a recession. With all these in mind, Joe Manchin has shown that he is a hypocrite as there’s no justification to agree to the terrible Build Back Better bill that looks to tax Americans to death.