- Nov 26, 2015
- Reaction score
Manchin’s demands would dramatically weaken one of President Biden’s signature programs to help working families.
For the poor and working class, Joe Manchin demands work requirements for child tax credits. Yet for the rich, he’s happy to support — and personally benefit from — work-free income
Manchin has publicly boasted of doing zero labor for his family’s coal company that has nonetheless been paying him hundreds of thousands of dollars annually and may be providing him preferential tax breaks on that passive, work-free income. Manchin has also previously supported legislation to expand tax breaks for heirs to vast family fortunes, and those benefits would flow to wealthy scions even if they are not working and they refuse to get a job
As Manchin continues deriding an “entitlement mentality” from the deck of his yacht, most of Manchin’s annual earnings come from sources that do not require him to do any work: He has been raking in hundreds of thousands of dollars each year from corporate dividends and a sprawling stock portfolio, according to his financial disclosures.