Manchin: lawmakers ‘can no longer ignore’ inflation

Its. Joe manchinJoe Manchin: Expected Price Hikes Raise Political Stakes for Biden Justice Co-Founder Democrats: Democrats Have Allowed Manchin, Sinema to Become Party “Dictators” Biden Calls for Democratic Unity at DNC ​​Event MORE (DW.Va.) sounded an alarm Wednesday after new consumer data revealed that inflation in the United States had hit a 30-year high, causing new headaches for Democrats. President BidenJoe Biden Video showing violence removed from Rep. Gosar’s account after pushback Federal judge rejects Trump’s effort to block Jan.6 documents Expected price increases raise political stakes for Biden MOREsocial and climate spending plan.

Manchin, in a tweet, said that “the threat” of inflation is not temporary “and is instead getting worse.”

“From the grocery store to the gas station, Americans know that the inflation tax is real and DC can no longer ignore the economic pain Americans feel every day,” Manchin added.

Manchin’s statement comes after the consumer price index (CPI), which tracks inflation for a variety of basic goods and services, rose 0.9 percent last month and 6.2 percent in the 12-month period ending in October, the highest rate in the US in 30. years.

Manchin does not mention Biden’s spending plan in his statement, but it comes as he has expressed concerns for months about inflation, questioning whether a widespread spending package would negatively affect the economy.

“Over the past three months, I have been candid about my concerns that I will not support a reconciliation package that expands social programs and irresponsibly adds to our nearly $ 29 trillion national debt that no one else seems to care. Nor will I support a package that risks harming American families suffering from historic inflation, “Manchin said at a news conference earlier this month.

Manchin is the most conservative member of the Senate Democratic caucus, but because Democrats are using reconciliation, an arcane budget process that allows them to circumvent legislative obstructionism, they need full caucus unity to vote on the spending package.

The rejection by Manchin and other moderates has already led to changes to the bill, including lowering the price from the $ 3.5 trillion figure approved by a budget resolution earlier this year.

But Manchin has signaled that he still has concerns and is not yet ready to back up the expense bill.

“I have a lot of concerns, let’s put it that way,” Manchin said during an interview with Fox News last week. “They are working on the House bill. That will not be the bill that I will work with.”

Both the White House and top Congressional Democrats have predicted that the Build Back Better (BBB) ​​spending legislation will help ease inflation, in a move to try to allay Manchin’s concerns and reject Republican talking points.

“As I have repeatedly said, when [BBB] is approved, it will be paid in full, and it will reduce (reduce) inflationary pressures. … This will be just what the American people need, and it will not be, will not be, inflationary, “said the Senate Majority Leader. Charles schumerChuck SchumerGOP Delves into Blocking Diplomatic Selections by Biden Sununu Says He Will Decide on Senate Run ‘Next Week’ Christie on 2020 Election: ‘No Matter Where You Are, It’s Over’ MORE (DN.Y.) said last week.

Biden, in a statement Wednesday, urged Congress to pass the comprehensive spending bill.

“Seventeen Nobel laureates in economics have said that my plan ‘will alleviate inflationary pressures.’ And my plan does this without raising taxes on those who earn less than $ 400,000 or increasing federal debt, “Biden said in a statement.



Reference-thehill.com

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