Manchin’s uncertain plan for Biden will address inflation

Centrist Sen. Joe manchinJoe ManchinBiden Signs 1 Billion Infrastructure Bills The Hill’s 12:30 Report – Presented By Facebook – Trump Officials Face Legal Consequences For Challenging Subpoenas The Hill’s Morning Report – Presented By ExxonMobil – Will Big Bill Pass of Biden in the House this week? PLUS (DW.Va.) said Tuesday that it remains concerned about inflation and is not yet buying into the argument of other Democrats that President BidenJoe Biden Biden Reaffirms His Commitment To Taiwan’s ‘One China’ Policy In Call With Xi Biden Raises Human Rights With China’s Xi During Four-Hour Biden Meeting, Xi Holds ‘Candid’ Discussion Amid Highs tensions MOREBuild Back Better will reduce your daily costs.

Manchin said he is hearing complaints about inflation from voters at home.

“The cost that they see every day. And every day they go to refuel there is a dollar and a quarter more per gallon, “he said about the increase in gasoline prices. “Three Twenty Nine, $ 3.39”.

“A gallon of milk now costs $ 4 in many places. It is taking its toll. And I listen to it when I go to the supermarket or if I go to the gas station. They say, ‘Are you as crazy as I am?’ and I say, ‘Absolutely,’ ”Manchin told reporters, recounting his experiences with his West Virginia colleagues.

When asked if he’s buying into the White House’s argument that the Build Back Better Act, which would inject another $ 1.75 trillion into the economy, will reduce inflation, Manchin expressed uncertainty about whether it makes sense.

“I haven’t really heard any details about that. They say it’s going down [inflation]? I’ll have to check that one, ”he replied.

Manchin is seen as the key vote needed to pass the budget reconciliation bill, which has been lowered from an original target of $ 3.5 trillion to satisfy the senator’s concerns about what he calls “an overheated economy.”

Senior White House officials and Democratic leaders in Congress have begun touting the budget reconciliation package as a cure for inflation, an issue they paid little attention to earlier this year.

Democratic lawmakers have for the most part accepted Federal Reserve Chairman Jerome Powell’s analysis that the price hike would be “transitory.”

The issue took on new political urgency last week when the Labor Department reported that inflation in October reached its fastest rate of increase in 30 years, as the consumer price index rose 6.2 percent compared to past year.

October also marked the fifth consecutive month of inflation above 5 percent.

White House Chief of Staff Ron KlainRon KlainBiden’s aides praise Harris after CNN’s critical report Rising Inflation Gives Manchin Ammunition Will the Supreme Court Accept Biden’s Vaccine ‘Alternative Solution’ as Constitutional? PLUS told CNN in the wake of the report that the Build Back Better Act would cut living costs.

“I think if your concern is the cost of living, it is a concern that we have here in the White House, it is a concern that Senator Manchin shares, the Build Back Better bill is the best answer we have to reduce those costs.” , said. .

Senate Majority Leader Charles schumerChuck Schumer Christie: Trump’s rhetoric on stolen elections led to January 6 attack Senate Republicans call on colleagues to reject public spending bills without border wall funding Schumer pressures Biden to take advantage of the oil reserves to reduce gas prices MORE (DN.Y.) made the same argument.

“The best way to tackle inflation is to pass a bill that creates jobs, reduces bottlenecks, and pays for itself by making sure the rich pay their fair share. That is exactly what we are doing with the Build Back Better Act, ”he argued on Twitter.



Reference-thehill.com

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