Posted BY: Billy | NwoReport
Sen. Joe Manchin and his staff told Senate Majority Leader Chuck Schumer and his staff “unequivocally” on Thursday the West Virginia Democrat won’t support the climate or tax provisions of a Democratic economic package that the two had been negotiating for months, according to two sources familiar with the talks.
Schumer, a New York Democrat, made a number of concessions to pare back the climate provisions but Manchin would not budge.
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Manchin told Schumer he will not support a bill this month with any provisions on energy or climate, or consider raising taxes on the wealthy or corporations, which represents a massive blow to President Joe Biden’s legislative agenda ahead of November’s midterms.
The Washington Post first reported Manchin’s comments to Democratic leadership.
Manchin had torpedoed a $1.75 trillion version of Biden’s climate and economic bill, known as the Build Back Better Act, in December, angering the White House and Democrats who had pushed for a much larger $3.5 trillion spending plan at the beginning of the Biden administration.
The change in tone of the latest negotiations was abrupt. Manchin had supported those provisions throughout the negotiations with the majority leader, both at the staff and member level, one of the sources familiar said.
“I’m not going to sugar coat my disappointment here, especially since nearly all issues in the climate and energy space had been resolved,” Senate Finance Chair Ron Wyden, whose committee had jurisdiction over the clean energy tax credits and corporate tax provisions, said in a statement.
“This is our last chance to prevent the most catastrophic—and costly—effects of climate change. We can’t come back in another decade and forestall hundreds of billions—if not trillions—in economic damage and undo the inevitable human toll,” the Oregon Democrat added.
Similarly, climate advocates, many of whom were anticipating seeing climate and energy bill text soon, reacted on Thursday night with shock and outrage.
“This is nothing short of a death sentence,” Varshini Prakash, co-founder of youth climate group Sunrise Movement, said in a statement. “It’s clear appealing to corporate obstructionists doesn’t work, and it will cost us a generation of voters.”
“There truly aren’t words for how appalled, outraged, and disappointed we are,” Tiernan Sittenfeld, senior vice president of government affairs at the League of Conservation Voters, said.
Manchin’s office pointed to rising inflation. “Political headlines are of no value to the millions of Americans struggling to afford groceries and gas as inflation soars to 9.1%,” Manchin spokeswoman Sam Runyon said in a statement. “Senator Manchin believes it’s time for leaders to put political agendas aside, reevaluate and adjust to the economic realities the country faces to avoid taking steps that add fuel to the inflation fire.”
Data released Wednesday showed that inflation surged to a new pandemic-era peak in June, with US consumer prices jumping by 9.1% year-over-year — the highest level in more than 40 years.