Senator Manchin says he won’t vote for Build Back Better Bill

Suave said:

Mr. Manchin reportedly told Mr. Biden he would support a Build Back Better package if it were to cost no more than two trillion dollars over the next 10 years.

I propose the following new framework of spending for Build Back Better's social safety net programs, research and development programs, child tax credits, and tax incentives for clean renewable energy meeting Mr. Manchin's demands of this costing no more than two trillion dollars over the course of the next decade.

$550 billion for green renewable energy tax incentives, and green renewable energy research and development programs.
U.S. House passes Build Back Better bill. What's in it for renewable energy?
$390 billion for universal pre-K education., one year of eligible tuition free pre-K education per student instead of the original proposed two years. The New America Foundation in 2014 predicted that preschool programs would cost about $8,000 per pupil per year. At that rate, providing preschool to all 4-year-olds would cost taxpayers $31 billion ( 2014 dollars ), $39 billion in cost average dollars per year over the next ten years.
$170 billion for affording housing and low income housing assistance programs.
https://www.cnbc.com/2021/11/24/build-back-better-includes-170-billion-for-housing.html
$150 billion to expand the Federal contribution to Medicaid's home and community based program by six percent annually over ten years.
$740 billion to increase the refundable child tax credit by $1,000 per year. ( 74 million children per year eligible for tax credit * $1,000 * 10 years)

The total cost of this build back better new framework is just only two trillion dollars per decade.

This two trillion dollars of the new framework of spending for Build Build Back Better could be paid in full by new taxes such as the Build Back Better's surcharge tax imposed upon the personal income of multi-millionaires and billionaires or the 15 percent minimum tax applied to any corporation (other than an S corporation, regulated investment company, or real estate investment trust) whose average annual adjusted financial statement income exceeds $1 billion over any consecutive three-tax-year period preceding the tax year.

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Well here’s a link to the actual bill: https://www.congress.gov/117/bills/hr5376/BILLS-117hr5376rh.pdf

Good luck getting it changed. You might try getting rid of the provision to allow the rich Democrat supporters write their state taxes first. Or the required $80 billion the IRS must spend. Then there’s the tax deduction for union dues. Let us know how that works for you.

Shaul said:

Well here’s a link to the actual bill: https://www.congress.gov/117/bills/hr5376/BILLS-117hr5376rh.pdf

Good luck getting it changed. You might try getting rid of the provision to allow the rich Democrat supporters write their state taxes first. Or the required $80 billion the IRS must spend. Then there’s the tax deduction for union dues. Let us know how that works for you.

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I realize many of the provisions, spending programs,, and tax breaks found in the four trillion dollars of spending costs and tax code reform costs that we very much liked in the version of Build Back Builder approved by the House of Representatives will need to be reduced or eliminated in order to keep Build Back Better's spending costs down to Joe Manchin's liking.

I do not see why the cost matters. It is how much the country will gain over time, against those costs that is important.
To set a lower limit than is necessary, would guarantee failure.

Terrywoodenpic said:

I do not see why the cost matters. It is how much the country will gain over time, against those costs that is important.
To set a lower limit than is necessary, would guarantee failure.

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The two trillion dollars of spending I've proposed for social safety net programs, renewable green energy research and development, and working class friendly tax code reforms are better than the status quo of doing nothing. I realize more should be done, but we can now only do what Joe Manchin's liking has limited our ability to do. Perhaps, additional needed social safety net programs with bi-Partisan support like paid family leave could later be enacted in addition to a Build Back Better agenda now to Joe Manchin's liking.

Shaul said:

Senator Manchin says he won’t vote for Biden’s Build Back Better Bill. Without 50 votes in the Senate the Bill will not pass.

https://www.cnbc.com/2021/12/19/sen...nt-vote-for-bidens-build-back-better-act.html

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Good. Seems Biden does NOT understand how money printing and the invisible tax of inflation works. He can lie all he wants by saying its $0 cost but the CBO and other experts have all proven that he was lying.

greenboy21x said:

Good. Seems Biden does NOT understand how money printing and the invisible tax of inflation works. He can lie all he wants by saying its $0 cost but the CBO and other experts have all proven that he was lying.

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My proposed two trillion dollars of spending for a decades worth of social safety net programs, research and development in green renewable energy, and environmental and working class friendly tax code reforms are fully paid for by having the wealthiest of Americans and corporations pay their fair share in taxes. Therefore, I am confident this would neither add to the national debt nor would be inflationary.

I proposed the following new framework of spending for Build Back Better's social safety net programs, research and development programs, child tax credits, and tax incentives for clean renewable energy meeting Mr. Manchin's demands of this costing no more than two trillion dollars over the course of the next decade.

$550 billion for green renewable energy tax incentives, and green renewable energy research and development programs.
U.S. House passes Build Back Better bill. What's in it for renewable energy?
$390 billion for universal pre-K education., one year of eligible tuition free pre-K education per student instead of the original proposed two years. The New America Foundation in 2014 predicted that preschool programs would cost about $8,000 per pupil per year. At that rate, providing preschool to all 4-year-olds would cost taxpayers $31 billion ( 2014 dollars ), $39 billion in cost average dollars per year over the next ten years.
$170 billion for affording housing and low income housing assistance programs.
https://www.cnbc.com/2021/11/24/build-back-better-includes-170-billion-for-housing.html
$150 billion to expand the Federal contribution to Medicaid's home and community based program by six percent annually over ten years.
$740 billion to increase the refundable child tax credit by $1,000 per year. ( 74 million children per year eligible for tax credit * $1,000 * 10 years)

The total cost of this build back better new framework is just only two trillion dollars per decade.

This two trillion dollars of the new framework of spending for Build Build Back Better could be paid in full by new taxes such as the Build Back Better's surcharge tax imposed upon the personal income of multi-millionaires and billionaires or the 15 percent minimum tax applied to any corporation (other than an S corporation, regulated investment company, or real estate investment trust) whose average annual adjusted financial statement income exceeds $1 billion over any consecutive three-tax-year period preceding the tax year.

Shaul said:

Senator Manchin says he won’t vote for Biden’s Build Back Better Bill.

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I guess it's time to play like the Repubs and find a lot of dirt on Sen. Manchin. He's been around a long time so there's gotta be some stuff he wouldn't want to be made public.

Where's J. Edgar when you really need him?

KenS said:

2 Trillion+ plus taxes.

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I don't remember you griping about all the tax cut dollars that Trump and the Repubs put into the pockets of large corporations and the top 2%.

ecco said:

I guess it's time to play like the Repubs and find a lot of dirt on Sen. Manchin. He's been around a long time so there's gotta be some stuff he wouldn't want to be made public.

Where's J. Edgar when you really need him?

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What if this strategy were to backfire by persuading Manchin to become a Republican, then the Senate agenda would be controlled by the would-be G.O.P. majority leader Mitch McConnell. We would not risk letting that happen. Right?

ecco said:

I don't remember you griping about all the tax cut dollars that Trump and the Repubs put into the pockets of large corporations and the top 2%.

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I don't think I ever discussed it.

Terrywoodenpic said:

I do not see why the cost matters. It is how much the country will gain over time, against those costs that is important.

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Which is why 17 Nobel Laureate economists have endorsed the BBB.

ecco said:

I guess it's time to play like the Repubs and find a lot of dirt on Sen. Manchin. He's been around a long time so there's gotta be some stuff he wouldn't want to be made public.

Where's J. Edgar when you really need him?

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Suave said:

What if this strategy were to backfire by persuading Manchin to become a Republican, then the Senate agenda would be controlled by the would-be G.O.P. majority leader Mitch McConnell. We would not risk letting that happen. Right?

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DIRT! Not fluff! DIRT! So bad he wouldn't dare bolt.

ecco said:

I don't remember you griping about all the tax cut dollars that Trump and the Repubs put into the pockets of large corporations and the top 2%.

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KenS said:

I don't think I ever discussed it.

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Yes. That was exactly my point. You were OK with that or you would have commented on how bad it was for your grandchildren. But, you didn't.

metis said:

Which is why 17 Nobel Laureate economists have endorsed the BBB.

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And they are all professors at universities.
And as we all know a lot of universities are the breeding ground of liberals.
I give little or no credence to their endorsments