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

[ishtat]

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.

The left in their naivete unfortunately, still looks to that ineffectual fool Sanders for leadership. He has been getting on his hind legs and baying at the moon for 40+ years - and achieving absolutely nothing. It may seem remarkable but if the pharmacy prescription legislation gets through, the admittedly totally untrustworthy Manchin will have achieved more in Progressive policy implementation than Sanders has in his entire political life. Ultimately politics is about getting things done, and as KD points out that means cutting deals for incremental change and working with a united party front (in public at least). AOC and her pals in Congress need to dump Sanders and get behind Pelosi, Schumer, and Biden and scramble for the hard yards.

 

[ll74]

The bill includes $430 billion in new spending on energy, electric vehicle credits and health insurance, and more than pays for itself by raising minimum taxes for big companies and enforcing existing tax laws, Schumer and Manchin said in a statement

Good progress and lots about this bill to like.

 

[ll74]

The proposed measure would also limit price increases on medications to no more than the rate of inflation and cap how much Medicare recipients pay each year for their prescriptions.

https://www.ny1.com/nyc/all-borough...ts-to-advance-legislation-to-lower-drug-costs

 

[jaF0]

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...

She's a PharmaHo, so ....

 

[jaF0]

They still need to kill off the Part B premium for those under the FPL150 or FPL200 levels.

 

[Rightguide]

Is Kyrsten Sinema on board?

 

[Dribble]

The left in their naivete unfortunately, still looks to that ineffectual fool Sanders for leadership. He has been getting on his hind legs and baying at the moon for 40+ years - and achieving absolutely nothing. It may seem remarkable but if the pharmacy prescription legislation gets through, the admittedly totally untrustworthy Manchin will have achieved more in Progressive policy implementation than Sanders has in his entire political life. Ultimately politics is about getting things done, and as KD points out that means cutting deals for incremental change and working with a united party front (in public at least). AOC and her pals in Congress need to dump Sanders and get behind Pelosi, Schumer, and Biden and scramble for the hard yards.

No we don't. We sided behind Biden. What has he given us in thanks? Nothing. It is you that need us...not us that need you. We are more than willing to let Republicans destroy this country...and then save the States that want saving. Name one thing Sanders has been wrong about. One. True...his solutions aren't the path I would take...but at least he recognizes you can't keep doing the same things that got us in trouble in the first place. Both Pelosi and Biden are has beens...incapable of leading

 

[Comshaw]

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.

Most ( notice I said most and not all) politicians, be they liberal or conservative, start out with an honorable aim. It doesn't take long though, a few election cycles and the electoral self-interest of staying in office takes over. That self-interest infects ALL of them. Some worse than others, but ALL of them.

Comshaw

 

[Dribble]

Most ( notice I said most and not all) politicians, be they liberal or conservative, start out with an honorable aim. It doesn't take long though, a few election cycles and the electoral self-interest of staying in office takes over. That self-interest infects ALL of them. Some worse than others, but ALL of them.

Comshaw

Exactly

I see a new party formed to fight both. I doubt they will get far...cause the faces they promoting as leaders won't work. But they are right in that we need a new party that focuses on the needs and wants of the 66%

 

[butters]

She's a PharmaHo, so ....

you think she'll deliberately tank it? what deals will they have to be cutting with her to assure her vote? would it have got this far if the bodies knew sinema would likely vote against it?

 

[jaF0]

She'll do what those stuffing her pockets tell her to do.

 

[butters]

She'll do what those stuffing her pockets tell her to do.

https://www.msn.com/en-us/news/poli...pc=U531&cvid=162c837e57eb40be9cd3e8c78a83a2f7

manchin's 'adamant' to close the tax loophole, sinema's pissed at being left out of the secret squirrel talks and is strongly against closing it. could derail the agreement. ffs.

 

[butters]

https://www.msn.com/en-us/news/poli...pc=U531&cvid=b824b2053b43491cdf885eb9231aa1ef

manchin wooing sinema during tv appearances, telling the American public how much of the bill is hers... in the meantime, the gop is commending sinema's 'spine of steel'

fucking politics

 

[ishtat]

Name one thing Sanders has been wrong about. One. True...his solutions aren't the path I would take...but at least he recognizes you can't keep doing the same things that got us in trouble in the first place. Both Pelosi and Biden are has beens...incapable of leading

Being right alone is just virtue signalling; it achieves nothing. Ultimately Sanders will be cast as a second rate William Jennings Bryan another loudmouth who thought he knew all the answers and did not know how or care to do the work to achieve them. The progressives are left with the embarrassment that the "has beens," Pelosi and Biden, together with the disreputable Manchin are closer to achieving real social reform with the prescription legislation than Sanders and his crew have ever been with anything. They owe the progressives nothing.

And you have a short memory. It was Pelosi not Obama that got the so called Obama Care through Congress. Then, after doing all the hard work gathering votes, twisting arms and getting legislators on side, she had the good grace to give him the credit.

 

[BabyBoomer50s]

The WSJ reports this morning that an analysis by Congress’s Joint Committee on Taxation (JCT) found that 49.7% of the tax would hit U.S. manufacturers.

 

[BabyBoomer50s]

From CNN:​

What the JCT found​

“Federal taxes would increase by $16.7 billion on American taxpayers earning less than $200,000 next year, according to the JCT. And those making between $200,000 and $500,000 would see their levy jump by $14.1 billion. Those with incomes above half-a-million dollars would be hit with a $23.5 billion increase. By 2031, when the new energy credits and subsidies are set to provide an even greater benefit to higher-income Americans, those earning below $400,000 are projected to pay as much as two-thirds of the additional tax revenue collected that year”

https://www.cnn.com/2022/07/31/politics/republicans-economic-bill-taxes-inflation/index.html

 

[BabyBoomer50s]

Per WSJ, “it’s unlikely any electric vehicle on the market today would qualify for the $7,500 tax credit because of conditions in the bill on material manufacturing.” Specifically, it applies to minerals used in batteries and battery components.

“To qualify for $3,750 of the credit, an increasing share of a vehicle’s battery such as lithium and nickel must be extracted or processed in the U.S. or in a country with which the U.S. has a free-trade agreement, starting at 40% in 2023 and increasing to 80% in 2027.

“The other half of the credit will only be available for vehicles in which a majority of its battery components are made in North America, starting at 50% in 2023 and growing to 100% by 2029. Yet about 80% to 90% of battery components now are made in China, which also refines 68% of the world’s nickel, 73% of cobalt, 93% of manganese and 100% of the graphite in EV batteries.

 

[butters]

ah, and here i think we have the real reason manchin brought things to a head so quickly... maybe, maybe not, but it would appear a much more likely reason for his pulling the rug from under the republicans

https://www.msn.com/en-us/news/poli...pc=U531&cvid=cd3b1fb42ee341e9acf2bcc4bcc77bf9

(Reuters) -Democratic U.S. Senator Joe Manchin has secured a commitment from President Joe Biden, Senate Majority Leader Chuck Schumer and House of Representatives Speaker Nancy Pelosi to allow the Mountain Valley Pipeline to be completed, his office told a CBS affiliate on Monday.

The commitment to the West Virginia senator from Democrats Biden, Schumer and Pelosi will be used to pass legislation for the state's pipeline to be completed and "streamline the permitting process for all energy infrastructure," the news outlet reported, citing Manchin's office.

The legislation will be voted on by the end of the fiscal year, which is Sept. 30, 2022, according to the statement quoted in the news outlet.
...
The pipeline project has faced legal setbacks and is years behind schedule and billions of dollars over budget.

 

[butters]

U.S. Senator Joe Manchin (D-WV) dismantled the false claims of a top Fox News host who claimed the Democrats’ Inflation Reduction Act legislation will raise taxes on Americans making under $400,000 a year.

“That’s a lie. That is a pure outright lie,” the West Virginia Democratic Senator told Fox News’ Harris Faulkner Tuesday when she claimed, “I’m saying Americans $400,000 and below now are going to be taxed.”

https://www.msn.com/en-us/news/poli...pc=U531&cvid=47aff4fbb5a74caba32ff4de5bb4a7b4

 

[BabyBoomer50s]

In addition to the tax hike, the bill earmarks $45.6 billion to the IRS for “enforcement.” The Joint Committee on Taxation, Congress’s official tax scorekeeper, says that from 78% to 90% of the money raised from under-reported income would likely come from those making less than $200,000 a year. Only 4% to 9% would come from those making more than $500,000.

 

[JohnnySavage]

That's because the IRS is one of those vital agencies at the tip of the spear in the fight against global warming.

 

[butters]

sinema speaks out for first time, looking at changing the language around the tax loopholes plus getting $5B drought relief money for her state

https://www.msn.com/en-us/news/poli...sedgntp&cvid=1df789e95f5c4427a52e5c1b73bc1d1b

 

[butters]

https://www.msn.com/en-us/weather/t...pc=U531&cvid=dedc6fad3a4b44bfa1040bc67cb4c2c8

2 of US largest reservoirs, Lake Mead (Nevada/Arizona) and Lake Powell (Utah/Arizona) almost reach dead pool status, where they drop so low they can no longer feed the hydro-electric stations. 7 states rely on them for electricity and water for domestic, agricultural, and industrial use.

climate change and increased water-usage to blame according to UN

United Nations Environment Programme ecosystems expert Lis Mullin Bernhardt said that the conditions "have been so dry for more than 20 years that we're no longer speaking of a drought." The climate crisis and overconsumption of water are to blame, the U.N. says.

"We refer to is as 'aridification' – a new very dry normal," they said in a statement.

And even if water cuts are introduced to try and ration the supply, it might not be enough.

"Climate change is the heart of the issue," UNEP's North America ecosystems officer Maria Morgado said. "In the long term we need to address the root causes of climate change as well as water demands."

 

[mayfly13]

you -and many of us, for the matter- should learn from Ish and draw a synthesis
he wrote a thought-provoking mini-essay, in LupusDei's thread

 

[icanhelp1]

Per WSJ, “it’s unlikely any electric vehicle on the market today would qualify for the $7,500 tax credit because of conditions in the bill on material manufacturing.” Specifically, it applies to minerals used in batteries and battery components.

“To qualify for $3,750 of the credit, an increasing share of a vehicle’s battery such as lithium and nickel must be extracted or processed in the U.S. or in a country with which the U.S. has a free-trade agreement, starting at 40% in 2023 and increasing to 80% in 2027.

“The other half of the credit will only be available for vehicles in which a majority of its battery components are made in North America, starting at 50% in 2023 and growing to 100% by 2029. Yet about 80% to 90% of battery components now are made in China, which also refines 68% of the world’s nickel, 73% of cobalt, 93% of manganese and 100% of the graphite in EV batteries.

Dems are full of *PIE IN THE SKY* utopian bullshit. Let’s bring manufacturing back to the US and then tax the shit out of them. Biden wants to hire 80,000 IRS agents, more authoritarian rule and big government by the left. 400 billion + more in spending. No one on lit is taking into consideration the fed raising rates. A depleted military at a time more dangerous than any time I can remember and we’re buying solar panels and windmill and we’re buying them from our enemy?