- Jun 6, 2007
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Senator Joe Manchin is largely spot on in regards to his rejection of President Biden's current offer on a reconciliation bill; Senator Manchin is standing up for the truth that the Climate and Energy provisions will significantly increase inflation which is already at catastrophic levels. The lavish spending in such a bill on the energy industry will just create more competition for labor which is in short supply across the nation and is a driver of inflation moreover, the climate tax on the power industry will just end up increasing consumers energy bill. As Senator Manchin said early in the Biden Administration the Power industry is moving to renewable energy largely outside of improving the GRID Washington doesn’t have to do much; and executive officer in a major corporation that doesn’t have as a high priority lowering the corporations carbon footprint is per se a bad executive whose future is cloudy at best! Though, Senator Joe Manchin is wrong to walk away from the negotiations because if Washington doesn't do a reconciliation bill before the mid-terms in all probability it will be six additional years before a bill gets passed in Washington that significantly helps people through social program spending which the country desperately needs. Because the Democrats have chosen the incredibly stupid beyond words policy of weaning America off of fossil fuels by cutting supply instead of cutting demand which has skyrocketed energy prices, prices that have large tentacles throughout the economy with this relationship well known for fifty plus years since the 1970’s OPEC oil crisis, so considering the inflation effect the Democrats will almost certainly lose control of at least one chamber in the mid-terms and extremely likely the White House in 2024 and Republicans will never do right by ordinary Americans that desperately need such social programs because Republicans are twisted on Governments duty in regards to taxing and spending.
Senator Manchin needs to get back to that negotiating table and besides permanently rejecting the Climate and Energy provisions, that is, except he should support a good tax credit for EV automobiles middle class families deserve to be able to purchase an electric vehicle not just rich American families and be spared the weekly trauma of having to buy gas to fill up their car’s tank. Senator Manchin should scrap any terms that reduce the national debt (deficit reduction is a wasted opportunity), the money raised by this bill needs to be spent helping Americans that desperately need to be helped, the Republicans permanently ruined any hope for a reasonable solution to the national debt problem with their 2017 Trump Tax bill solving that problem now needs to await the complete revamping of our form of government [which must happen if our nation is to survive] such as; term limits for members of Congress, drawing districts by algorithm with compactness being the guiding principle and campaign finance reform.
The bill should include: prescription drug pricing reform and American Rescue Plan policies of increasing the ACA insurance subsidies for the individual insurance market and the child care cost sharing provision (child care costs are reducing worker availability in America) and the $3000 advanceable child tax credit as long as there is a work requirement (this program lifts people out of poverty which our government desperately needs to do). The reconciliation bill should increase the SALT deduction (State and Local Tax deduction) from $10000 to $15,000 people's property taxes have gone up since when the deduction was created and with inflation it will go up dramatically in the future and who knows when Democrats will again get a chance to raise it, Republicans hate the tax because they think it helps Democrat controlled states spend more money so they won't likely raise it in the future. If Senator Joe Manchin cannot find areas of increasing individuals and corporations taxes that are fair then he isn't a centrist politician and he has a jerk streak within himself. The current tax code which allows corporations to deduct from taxable income on foreign earnings ten percent of the value of their foreign assets before applying the tax rate is preposterous and scandalous, the tax code which allows investors in real estate and economic empowerment zones to evade taxes if they rollover sale proceeds to a like investment is an extreme disgrace that is wasteful spending and a Washington give away to the rich. The Trump tax cuts expire in 2025, no Democrat President is going to extend them for the wealthy, if the reconciliation bill ends them three years early what's the big deal - it is not going to significantly impact consumer spending, the wealthy largely have all the financial resources they need to buy what they want to for this economic bracket lower tax rates are about wealth accumulation.
Democrat members of Congress and Democrat advocates that condemn Senator Manchin for his position on the BBB bill saying he is about protecting his family’ coal business interest are way out of line. The guy has a track record of for decades of being a virtuous representative they are also actually stupid because unlike America’s government official that don’t care if their policies cause major inflation to their citizens other countries do and since natural gas for the indefinite future looks like it will be in short supply many nation’s will heavily rely on coal Power for electricity generation, so coal producers will have a decent business for decades to come. You all Democrats shouldn’t go down this road because there is an abundance of rich members of Congress that own a lot of stock in various corporations and regularly reap significant financial rewards vis-a-cis these stocks based on their voting record!
Senator Manchin needs to get back to that negotiating table and besides permanently rejecting the Climate and Energy provisions, that is, except he should support a good tax credit for EV automobiles middle class families deserve to be able to purchase an electric vehicle not just rich American families and be spared the weekly trauma of having to buy gas to fill up their car’s tank. Senator Manchin should scrap any terms that reduce the national debt (deficit reduction is a wasted opportunity), the money raised by this bill needs to be spent helping Americans that desperately need to be helped, the Republicans permanently ruined any hope for a reasonable solution to the national debt problem with their 2017 Trump Tax bill solving that problem now needs to await the complete revamping of our form of government [which must happen if our nation is to survive] such as; term limits for members of Congress, drawing districts by algorithm with compactness being the guiding principle and campaign finance reform.
The bill should include: prescription drug pricing reform and American Rescue Plan policies of increasing the ACA insurance subsidies for the individual insurance market and the child care cost sharing provision (child care costs are reducing worker availability in America) and the $3000 advanceable child tax credit as long as there is a work requirement (this program lifts people out of poverty which our government desperately needs to do). The reconciliation bill should increase the SALT deduction (State and Local Tax deduction) from $10000 to $15,000 people's property taxes have gone up since when the deduction was created and with inflation it will go up dramatically in the future and who knows when Democrats will again get a chance to raise it, Republicans hate the tax because they think it helps Democrat controlled states spend more money so they won't likely raise it in the future. If Senator Joe Manchin cannot find areas of increasing individuals and corporations taxes that are fair then he isn't a centrist politician and he has a jerk streak within himself. The current tax code which allows corporations to deduct from taxable income on foreign earnings ten percent of the value of their foreign assets before applying the tax rate is preposterous and scandalous, the tax code which allows investors in real estate and economic empowerment zones to evade taxes if they rollover sale proceeds to a like investment is an extreme disgrace that is wasteful spending and a Washington give away to the rich. The Trump tax cuts expire in 2025, no Democrat President is going to extend them for the wealthy, if the reconciliation bill ends them three years early what's the big deal - it is not going to significantly impact consumer spending, the wealthy largely have all the financial resources they need to buy what they want to for this economic bracket lower tax rates are about wealth accumulation.
Democrat members of Congress and Democrat advocates that condemn Senator Manchin for his position on the BBB bill saying he is about protecting his family’ coal business interest are way out of line. The guy has a track record of for decades of being a virtuous representative they are also actually stupid because unlike America’s government official that don’t care if their policies cause major inflation to their citizens other countries do and since natural gas for the indefinite future looks like it will be in short supply many nation’s will heavily rely on coal Power for electricity generation, so coal producers will have a decent business for decades to come. You all Democrats shouldn’t go down this road because there is an abundance of rich members of Congress that own a lot of stock in various corporations and regularly reap significant financial rewards vis-a-cis these stocks based on their voting record!
