manchin, Schumer announce climate/prescriptions deal to come before Senate

[butters]

do we trust manchin? no
will this go through without him throwing yet another spanner in the works? who the hell knows...

Manchin, one of the most conservative Democrats in Congress, just last week said he would only agree to far more limited legislation curbing prescription drug costs and extending federal subsidies for health care costs.

There was no immediate explanation why Manchin had suddenly agreed to the far broader package. In December, his resistance derailed a wide-ranging $3.5 trillion, 10-year social and environment bill that was Biden’s top domestic priority.

https://www.msn.com/en-us/autos/new...pc=U531&cvid=55dfab1a940d42f0ab4ad60b1b584f4c

Under the deal, Schumer secured Manchin’s support for roughly $433 billion in new investments, much of which is focused on climate change and energy production. They coupled the spending with provisions that aim to lower health-care costs for Americans, chiefly by allowing Medicare to begin negotiating the price of select prescription drugs on behalf of seniors.

To pay for the package, Manchin and Schumer also settled on a flurry of changes to tax law that would raise $739 billion over the next decade — enough to offset the cost of the bill while securing more than $300 billion for cutting the deficit, a priority of Manchin’s. Democrats sourced the funds from new policies including a new minimum tax on corporations and new investments in the Internal Revenue Service that will help it pursue tax cheats.

https://www.msn.com/en-us/news/poli...pc=U531&cvid=55dfab1a940d42f0ab4ad60b1b584f4c

fingers crossed but manchin's infamous for sabotaging what appear to be done deals at the last minute

 

[ll74]

Awesome!

 

[butters]

Awesome!

it's not as good as the Build Back Better but it's more than expected... IF it goes through. i just don't trust manchin unless there's a very strong personally profitable reason for manchin to want this

 

[ll74]

it's not as good as the Build Back Better but it's more than expected... IF it goes through. i just don't trust manchin unless there's a very strong personally profitable reason for manchin to want this

I like any legislation that deals with prescriptions and any that deals with climate change.

Any step forward is a step forward.

I'm a long distance runner, 5ks don't do much for me

 

[Rotadom]

So Manchin is a hero now.

 

[ll74]

So Manchin is a hero now.

Politicians are never heros. Never. If he's helpful to get legislation done, then.hes helpful...either acknowledge it or not.

 

[butters]

So Manchin is a hero now.

no. he's been far too obstructive and his sabotage has earned my complete distrust

Politicians are never heros. Never. If he's helpful to get legislation done, then.hes helpful...either acknowledge it or not.

this

 

[colddiesel]

Manchin represents an elderly, conservative, poor electorate, one that has unusually great health problems and which voted for Trump. The fact that the prescription legislation goes through will appeal to them and the reduction in Climate change expenditure is also saleable. Manchin cannot afford to be more progressive or he would be out at the next election. He's just following his electoral self interest.

 

[JohnnySavage]

We are just lucky China is still willing to fund our deficit spending.

 

[butters]

https://www.msn.com/en-us/news/poli...pc=U531&cvid=a488f8d2f3f94b758e334990e54bbd25

The Senate on Wednesday gave its final approval for a $280 billion bill focused on domestic semiconductor manufacturing and scientific research, with 64 senators voting in favor of the measure and 33 opposing it.

$52.7 billion for domestic manufacturing of chips including $39 billion for an incentive program and $11 billion for programs aimed research and development and workforce development.

There is also about $200 billion for scientific research, including $81 billion for the National Science Foundation, $10 billion for regional technology hubs and $68 billion for the Department of Energy.

jobs, a cutting of reliance on China to produce stuff vital to America, and a clear looking to the future

Bernie may have a point about the money going to already wealthy companies, but i don't see how this can be achieved as quickly and efficiently as it might be by not using those same companies. Making sure they pay their taxes might mitigate Bernie's issues? I don't know enough about it. On the face of it, though, it's another win for President Biden's agenda and good for the country.

despite a pandemic, despite roughly a third of the population suffering from believing trump even now, despite a determined-to-block all they can republic force in both houses, despite 'record low' approval polls, Biden's getting things done. Bit by bit, not all we might want to see get done, but there's movement forward.

 

[ll74]

Honestly, the best part of this (besides getting policies passed and signed into law) is that all of those righties who celebrated Manchin have taken this news to mean that he suddenly turned on them.

It's the equivalent of the left suddenly realizing that Cheney isn't a Democrat.

 

[butters]

Honestly, the best part of this (besides getting policies passed and signed into law) is that all of those righties who celebrated Manchin have taken this news to mean that he suddenly turned on them.

It's the equivalent of the left suddenly realizing that Cheney isn't a Democrat.

i know future presidents can overturn EOs made by former ones, but can a different president block any of this stuff passed by reconciliation once it's made law? or is that a SCOTUS thing and dependent on its political biases?

 

[ll74]

i know future presidents can overturn EOs made by former ones, but can a different president block any of this stuff passed by reconciliation once it's made law? or is that a SCOTUS thing and dependent on its political biases?

A president has no power to reverse legislation signed into law. They can only forcus on executive priority and enforcements of that law

 

[RobDownSouth]

Closing the "carried interest" loophole in the tax law would be a good first step if Manchin is a man of his word. The "carried interest" loophole allows the first million dollars in long term capital gains to be taxed at 20% instead of 37%. That means the hedge fund managers would pay just like us regular stiffs, in this case $370,000 in taxes vs. the $200,000 they now pay.

 

[KeithD]

Manchin has demonstrated he's not a man of his word. He also has demonstrated that he votes the state's preferences on the basis of his personal gain. That's a given in working with him on anything.

 

[butters]

https://www.msn.com/en-us/news/poli...pc=U531&cvid=9863bb83abf749b1933d6656ad79c77b

gop working with big pharma to undermine prescription price cutting as best they can

 

[butters]

On Thursday, Sen. John Kennedy (R-LA) appeared on Fox News to fume about the deal announced the previous night between Democratic leadership and Sen. Joe Manchin (D-WV), reviving a large reconciliation bill that would fund health care, energy, and reduce the deficit.

"They sucked Republican votes up like a Hoover Deluxe and then got their votes and then bam, announced this new tax increase," said Kennedy. "We look like a bunch of – well, I’m not going to say what we look like."

Senate Minority Leader Mitch McConnell (R-KY) had previously warned that if a reconciliation bill was in the works, Republicans would block the CHIPS Act from passing. Just days after that threat, Manchin was reported as telling Democratic leadership he would not support any reconciliation deal that includes climate funding or tax increases, leading to speculation that if any deal was reached at all it would be a narrow bill on health care — after which Republicans backed off and re-committed to passing the CHIPS Act.

i still believe manchin does what's best for manchin, but it does kinda look as if he and Chuck Schumer/President Biden have played the republican reps like fish on a line

https://www.msn.com/en-us/news/poli...pc=U531&cvid=7083a0c51fee4f769da8497d978bff61

 

[butters]

Manchin has demonstrated he's not a man of his word. He also has demonstrated that he votes the state's preferences on the basis of his personal gain. That's a given in working with him on anything.

if you know a person will always work for their own best interests, it's something you can work with to your own advantage, right? you know they're not merely capricious or insane, so it makes predicting their moves and tailoring ones own easier to achieve.

 

[colddiesel]

i still believe manchin does what's best for manchin,

https://www.msn.com/en-us/news/poli...pc=U531&cvid=7083a0c51fee4f769da8497d978bff61

Correct.

 

[butters]

https://www.msn.com/en-us/news/poli...pc=U531&cvid=1946483b42a84c6a846e4b2938903912
omg, all the weeping and gnashing of teeth

and you have to feel sorry for spine-free mccarthy... he feels like he's 'been lied to'! bless his heart
https://www.rawstory.com/kevin-mccarthy-budgetbill/

 

[butters]

manchin says it's his fears of dems losing power in the mid-terms that changed his mind. hmmn. if he says so...

Sen. Joe Manchin of West Virginia opened up about his reasons for cutting a deal now to revive the Democratic agenda. The party might lose one or both chambers of Congress in the November midterms, which would deal a fatal blow to their domestic ambitions for the final two years of President Joe Biden's term.

"In any other environment [than] what we have right now, this would be a bipartisan bill. I really believe that. This is the only vehicle I have to work with right now," Manchin told Politico on Wednesday. "We don't know what the future will bring. But all indications, might be a little bit of a shake-up. And that changes the dynamics of getting something done."

https://www.msn.com/en-us/news/poli...pc=U531&cvid=6281730e9b78475fea4f704e92cf1f61

 

[butters]

angry republicans take it out on Veterans, even though many had voted for the bill just a month back. not a good look for the gop when vets come to vote: stickin' to the libs by stickin' it to the vets... yeah, maybe they should have thought that through a bit more.

The PACT Act would have expanded VA health care eligibility to more than 3.5 million post-9/11 combat veterans who were exposed to toxins while serving in the military.

The Senate passed the original legislation 84-14 in June. It underwent minor changes when it moved to the House, where it passed 342-88. When the bill returned to the Senate, the bill had not changed much but the view — and vote — of 25 senators did.

https://www.msn.com/en-us/news/poli...pc=U531&cvid=6281730e9b78475fea4f704e92cf1f61

 

[KeithD]

if you know a person will always work for their own best interests, it's something you can work with to your own advantage, right? you know they're not merely capricious or insane, so it makes predicting their moves and tailoring ones own easier to achieve.

Knowing that about Manchin doesn't get you anywhere--and not because of Manchin. It's mostly the far left of the Democratic Party doing its naive "thing." They tell themselves that people like Manchin are going to be with them, wearing their rosy glasses, when this ain't gonna happen. And when it doesn't happen, they add their thumbs to the "Biden isn't cutting it" scales. The truth of the matter is that they aren't going to get most of their program slam bang. They're going to have to get it incrementally and not even then until/unless they move closer to the center to get working control in Congress and concentrate on the "moving in that direction" legislation. Biden, in fact, is getting a lot done in the face of Republican stonewalling and Swiftboating and despite backbiting from the left.

 

[butters]

Knowing that about Manchin doesn't get you anywhere--and not because of Manchin. It's mostly the far left of the Democratic Party doing its naive "thing." They tell themselves that people like Manchin are going to be with them, wearing their rosy glasses, when this ain't gonna happen. And when it doesn't happen, they add their thumbs to the "Biden isn't cutting it" scales. The truth of the matter is that they aren't going to get most of their program slam bang. They're going to have to get it incrementally and not even then until/unless they move closer to the center to get working control in Congress and concentrate on the "moving in that direction" legislation. Biden, in fact, is getting a lot done in the face of Republican stonewalling and Swiftboating and despite backbiting from the left.

where do you think sinema will come down on this? she's not saying she'll vote for it, not saying she won't. every dem vote is needed...

 

[butters]

on the manchin-Schumer agreement:

But who is partly behind this surprise agreement? None other than Larry Summers, the former treasury secretary and well-known critic of Biden who was reportedly enlisted by Senate Democrats to gain Manchin’s support.

“The two men spoke this week, and Manchin listened as Summers talked in detail about why Democrats’ proposed economic package — including its energy provisions — would not lead to higher prices,” according to The Washington Post, which cites sources familiar with the matter.

https://fortune.com/2022/07/28/summers-biden-manchin-inflation-reduction-act/