Joe Biden’s problem with Joe Manchin has been a constant since his entry into the White House. Biden’s presidency has been described as having a Manchin problem. Manchin refused to follow Biden’s agenda. Democrats have exactly 50 Senate seats and must pass a party line vote to get the Democrats elected. Manchin is the most centrist Democrat in the Senate.
The problem isn’t just Manchin withholding his vote. Manchin continues to bluntly, and precisely describe the issues with Biden’s policies. Joe Manchin continues to shout out the parts Joe Biden prefers not hear, twisting the Twitter-cliche.
Biden recently introduced a wealth tax called the Billionaire Minimum Income Tax. This taxes unrealized and realized gains for households that have a household value of at least $100million. This scheme would tax non-cash possessions based on an estimated change in value. A home or other property that has increased in value, but the owner did not sell it could result in a federal tax obligation.
It is quite dubiously managed by the administration DescriptionThe tax is This is a prepayment of taxes these households will have to pay when they realize their gains. It is an exaggeration at the best and an intentional misuse of language to political ends at the worst.
Manchin, however, did not engage in any such deceit when asked yesterday about the tax. You can’t tax anything that isn’t earned. He stated that earned income is the basis of our business. Submitted The Hill.
It is not possible to tax anything that hasn’t been earned.
There are many things to disagree with about the expression “can’t.” A government could certainly try, as many countries have—although almost all have ditched their wealth taxes, partly because they turn out to be quite difficult to administer.
Manchin’s fundamental point is however clear. Biden’s administration proposes taxing income that isn’t income in real terms. It would tax money that someone already has, even though it might be earned later. This is an attempt tax money that hasn’t been earned yet and may not earn at all.
Manchin made exceptionally direct statements throughout Biden’s presidency. This has hampered the Biden agenda. In a lengthy StatementHe voiced his disapproval of Biden’s September spending bill (called Build Back Better), which expanded the health care program without fixing any underlying gaps in Medicare’s funding.
Manchin says “Spending trillions on expanded and new government programs,” According to him, fiscal madness is “when we cannot even pay for the fundamental social programs such as Medicare or Social Security” He also stated that he opposes overspending following the billions in deficit-financed Pandemic Aid and cautioned that Democrats are foolish to think that additional spending of trillions of Dollars would not increase inflation.
Manchin ripped the Build Back better plan again, months later. This was in an effort to please Manchin as well as progressive Democrats. However, the headline price had dropped, largely due to artificially shortening funding for various programs. Democrats were hoping that these programs would be permanent.
Manchin again was opposed to the bill, and he also clarified about its various structural tricks. He said, “What I see is shell games.” . The plan’s true cost was hidden by “budget gimmicks”.
These were inconvenient ideas that Biden and Democrats in Congress didn’t want anyone to admit. Manchin just…said them.
It was therefore not surprising that Manchin, by last year’s end, had effectively ended Build Back Better or put to rest any notion that he would support similar versions.
His bluntness also defeated White House shifty messaging.
The Biden administration tried to pretend that the spending bill was almost a done deal throughout the year. Manchin also supported the idea of the general idea. However, some details still had to be worked out. Biden gave an address that was built on the notion of the spending bill being a “final deal”. fait accompli.
Biden: “After months and months of hard, thoughtful negotiations,” The Democrats came to an October agreement about a historic economic framework. Even though they had not, Biden insisted that the West Virginia senator was on board almost two months later. “Senator Manchin stated his support for Build Back Better funding at a level comparable to the December framework plan.
Manchin responded again bluntly and direct. “I cannot vote in favor of continuing with this piece legislation.” It’s impossible for me to vote,” he stated. Just before Christmas “It is against this law.”
It is against the law.
Manchin may leave some leeway in the statement. This leaves the possibility open that he will support Build Back Better or something with some fragments from the Build Back Best framework.
It was evident in a way Biden did not see. Manchin revealed Biden’s attempt at verbal misdirection once more, and showed how Biden relies on messages that confuse rather than clarify. Biden’s problem with Manchin’s insistence on transparency is his fault, but it is an asset for the public.