Hours after President Joe Biden laid out what he hopes to salvage from Democrats’ defunct “Build Back Better” social spending plan, Joe Manchin is quickly assembling his counteroffer.
In a Wednesday afternoon interview, the West Virginia centrist laid out a basic party-line package that could win his vote, lower the deficit and enact some new programs, provided they are permanently funded. It may be Democrats’ best and last chance to get at least some of their biggest domestic priorities done before the midterm elections, but would require everyone in the party — particularly liberals — to concede that what’s possible doesn’t come close to the $1.7 trillion package Manchin spurned in December.
Manchin said that if Democrats want to cut a deal on a party-line bill using the budget process to circumvent a Republican filibuster, they need to start with prescription drug savings and tax reform. He envisions whatever revenue they can wring out of that as split evenly between reducing the federal deficit and inflation, on the one hand, and enacting new climate and social programs, on the other — “to the point where it’s sustainable.”
“If you do that, the revenue producing [measures] would be taxes and drugs. The spending is going to be climate,” Manchin said.
“And the social issues, we basically have to deal with those” afterward, he added.
Though he prefers everything in Congress to be bipartisan, Manchin said he has “come to that conclusion” that changing the tax code to make the rich and corporations pay their fair sure can only be done with Democratic votes. As far as whether he thinks his party finally understands his parameters for joining the talks, he said that Democrats “know where I am. They just basically think that I’m going to change.”
Biden’s State of the Union address called for congressional action on some of the individual portions of the wide-ranging social spending measure that the House passed last year, including drug pricing, child care, tax hikes on the wealthy and climate change. The momentum that Democrats had mustered for their trillion-dollar-plus proposal has mostly evaporated, and some lawmakers are increasingly open to slimmed-down legislation or even standalone bills to address their policy priorities.
And while Manchin said no “formal” talks are happening with the White House, there’s “informal back-and-forth.” He declined to say if he’s spoken to Biden recently about it: “Different White House people reach out, and we talk from time to time.”
