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when i first started working for joe manchin is whright when man manchin toomey started.san gun bill. we got infrastructure. this is a historic bill. we should be screaming from the mountain tops from now until election day. i think it will help democrats rebound. i think it is showing biden's campaign pledge. i can get things done in washington. he's getting done. this may be the most historic first term of a president. >> the bipartisan legislation has actually passed. he is so right. donald trump has infrastructure for four years and never got a infrastructure bill. joe biden got an infrastructure bill. he should be doing it for at least four months instead, you know, they get busy governing and we get stuck talking about 2024 instead of the fact that there is 99 days left to the election in 2022. >> i agree with you. they have to go out and settle these bills. this is important. but this would not have happened had there not been energy and enthusiasm from the base of the party, folks pushing joe manchin and joe biden. there is still time left before the mid terms. i
when i first started working for joe manchin is whright when man manchin toomey started.san gun bill. we got infrastructure. this is a historic bill. we should be screaming from the mountain tops from now until election day. i think it will help democrats rebound. i think it is showing biden's campaign pledge. i can get things done in washington. he's getting done. this may be the most historic first term of a president. >> the bipartisan legislation has actually passed. he is so right....
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Aug 5, 2022
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to manchin and sinema, i admire you at times and i oppose you now. i think what you are doing is you are empowering the most radical people in this country to tax and spend when they can ill afford it. you are making it harder to get out of the recession we are in. you will increase gas prices. they need to be held accountable and i intend to do that. >> all of you have said we are in a recession. the labor department said in july we had half a million jobs. the unemployment rate at 3.5%. how is that consistent with the economy being in a recession right now? >> the definition of a recession is negative gdp growth in two successive orders. yes we have strong job growth. , the housing market is beginning to decline sharply. realtors are saying interest rates are having an incredible impact. i think housing is 25% of the labor market. by the way, when we speak of jobs we are not talking about government bureaucrats. some have been zooming from home since the pandemic started. we are talking about working americans who typically work in manufacturing, c
to manchin and sinema, i admire you at times and i oppose you now. i think what you are doing is you are empowering the most radical people in this country to tax and spend when they can ill afford it. you are making it harder to get out of the recession we are in. you will increase gas prices. they need to be held accountable and i intend to do that. >> all of you have said we are in a recession. the labor department said in july we had half a million jobs. the unemployment rate at 3.5%....
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Aug 4, 2022
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joe manchin was useful to republicans, in a lot of ways, and a lot of them liked joe manchin, they workedtheir democrat, but joe manchin is also up for re-election in 2024, in a state that donald trump won by a massive margin and at the end of the day if this position is what manchin is tied to, they will hapfully run against him on that. >> a flurry of activity there on capitol hill, the white house is already scheduling two bill signings next week in the rose garden, the electoral counteract as we just heard may happen and all eyes right now on reconciliation and in particular, senator kyrsten sinema who might soon get the title of republican's favorite senator if she brings this bill down. give us a quick update as to where things stand with the arizona senator, is there a belief among her colleagues that she will eventually get on board? >> i think there is, there's a little bit of frustration that i sense this is sort of deja vu all over again, with kyrsten sinema, the issue with manchin was always, was he going to agree with what democrats are willing to spend money on and kyrsten s
joe manchin was useful to republicans, in a lot of ways, and a lot of them liked joe manchin, they workedtheir democrat, but joe manchin is also up for re-election in 2024, in a state that donald trump won by a massive margin and at the end of the day if this position is what manchin is tied to, they will hapfully run against him on that. >> a flurry of activity there on capitol hill, the white house is already scheduling two bill signings next week in the rose garden, the electoral...
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joe manchin's home state. why support anything chuck schumer, joe biden, nancy pelosi or john kerry want for coal? that is what the people are asking joe manchin. why, why, why? it is incomprehensible, they say, by any minor will support the legislation. that is the impact of folks at home that joe manchin is not paying attention to at all. what is the money going to be used for? well, there is the climate slush funds. there are the sorts of things that joe biden ought to be familiar with. when he was vice president there was a thing called -- ways to government money. many projects. they will be loaded into this bill as well under the grand title of one big climate slush fund. then there are all these subsidies for electric vehicles. enter reach people. you earn up to $300,000 a year for family, full subsidy. electric vehicle costing $80,000. that is what we're looking at here. at a time when families are hurting, inflation is eating in the people's paychecks, people are concerned about their future. even if
joe manchin's home state. why support anything chuck schumer, joe biden, nancy pelosi or john kerry want for coal? that is what the people are asking joe manchin. why, why, why? it is incomprehensible, they say, by any minor will support the legislation. that is the impact of folks at home that joe manchin is not paying attention to at all. what is the money going to be used for? well, there is the climate slush funds. there are the sorts of things that joe biden ought to be familiar with. when...
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it is 9.1% right now and penn wharton, a nonpartisan group, one joe manchin cites a lot says it willthe joint committee on taxation says this bill will increase taxes on everyone for americans earning less than $200,000. 14.1 billion tax increase for americans earning between 200 and 500. >> todd: your favorite model is penn wharton, two more points, no def cision reduction until 2027, that is five years away. you mention inflation will go down, it is negligible. there is no impact until the year 2031. my gas prices are high in 2022, i don't want to wait until 2031. >> carley: rushing it through because more americans learn about this, more they dislike it, says the "wall street journal." sticking with this economic front and social media tie-in, facebook is policing individuals who question the white house definition of recession, fact checking industry experts speaking out on the state of the economy, that top economist, american institute for economic research phillip magnus joins me now. what did you say in your facebook post that facebook fact checked? >> i shared a screen shot
it is 9.1% right now and penn wharton, a nonpartisan group, one joe manchin cites a lot says it willthe joint committee on taxation says this bill will increase taxes on everyone for americans earning less than $200,000. 14.1 billion tax increase for americans earning between 200 and 500. >> todd: your favorite model is penn wharton, two more points, no def cision reduction until 2027, that is five years away. you mention inflation will go down, it is negligible. there is no impact until...
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so many democrats are upset with sinema and manchin. yet sinema and manchin did help this version get over the top. so there could be an interesting invite list to that signing ceremony. could be tension, of course no republicans will be at the signing ceremony. >> i know, bob, this is a bigger conversation, a bigger picture conversation. overall there has been this narrative about how is it the two senators have so much power? how is it that this body of government is structured in a way that two senators have so much power? has there been any discussion on the hill about that? what could feasibly be done about that? aside from just getting votes, right? >> yeah. i mean, that is why democrats, their goal is not just to keep the senate, it is to pick up a couple of seats. why? they want to have manchin and sinema not have this much power. it is interesting, over the last couple of weeks, democrats have a little momentum. they're passing this bill. we have republicans like mitch mcconnell and michael scott -- trying to lower expectations
so many democrats are upset with sinema and manchin. yet sinema and manchin did help this version get over the top. so there could be an interesting invite list to that signing ceremony. could be tension, of course no republicans will be at the signing ceremony. >> i know, bob, this is a bigger conversation, a bigger picture conversation. overall there has been this narrative about how is it the two senators have so much power? how is it that this body of government is structured in a way...
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did manchin just give him a lifeline? >> i don't think this is significant. >> you don't think this is significant? >> i have a simple question, are americans better off today than they were two years ago? are you nervous about filling your tank up with gas? half of americans can't do it. 1 out of 5 have to return food when they get to cashier because they simply can't afford it, that this is too much about washington and not about the quality of life for the average individual. i know he likes to argue whether inflation was transitory, now he's arguing over recession. the fact is this sounds orwellian. don't argue over the words. if you can't afford not only what you want but need, that is by definition a recession. >> not a big deal on the midterms? this is a major bill. >> the advice to the president, don't argue over semantics, that's my job as a language guy. >> right. >> your job -- >> you argue over words. >> yes, and it's really unseemly for the president to be fighting over the definition when people are sufferin
did manchin just give him a lifeline? >> i don't think this is significant. >> you don't think this is significant? >> i have a simple question, are americans better off today than they were two years ago? are you nervous about filling your tank up with gas? half of americans can't do it. 1 out of 5 have to return food when they get to cashier because they simply can't afford it, that this is too much about washington and not about the quality of life for the average...
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senator manchin, care to explain? take a look. >> americans $400,000 and below are going to be taxed. >> that's wrong, that is a lie, that is a pure outright lie. >> their taxes are not going to go up? >> not at all. >> i want to hit that tax line again, i got to hit that. are you saying that mitch mcconnell and others in the senate are wrong about those numbers and american taxes are not going to go up? >> totally, absolutely wrong. totally wrong. >> sean: fact-check, harris faulkner was right. $16.7 billion a year on people making under $200,000 a year, joe manchin clearly either doesn't know what's in his own bill or doesn't want you to trust a nonpartisan expert at the wharton business school, the joint committee on taxation on the tax foundation. they are all wrong but he is right? no. harris was right and if so are the three groups we just mentioned. he's asking you to put your faith in joe biden and the democratic socialist party. why would democrats ever lie to us? the same democrats that promised inflation wa
senator manchin, care to explain? take a look. >> americans $400,000 and below are going to be taxed. >> that's wrong, that is a lie, that is a pure outright lie. >> their taxes are not going to go up? >> not at all. >> i want to hit that tax line again, i got to hit that. are you saying that mitch mcconnell and others in the senate are wrong about those numbers and american taxes are not going to go up? >> totally, absolutely wrong. totally wrong. >>...
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yes. >> what effect has senator manchin had on this bill? sen. schumer: in a 50-50 senate, anyone can have influence. senator manchin was talking about inflation before anyone else as long as the world put up with him and his all of the above energy apology though i might have specific disagreements with it, is generally getting broader acceptance, particularly with the ukraine war and oil prices going up etc. so he had a real impact on the bill. senator sinema had specific issues she was interested in. she was always very smart about it and she was true to her word. cinema had promised senators that she would vote for his amendment. and to cut back on state and local deductibility, there were a few members of my caucus, not me, that do not care about the issues and are not going to vote for the bill. so we spent several hours trying to figure out a way to keep senator sinema true to her word. but get it done. and we did and you saw the result. >> pumps in the road, this still has to go through the house. [inaudible] sen. schumer: when all 50 dem
yes. >> what effect has senator manchin had on this bill? sen. schumer: in a 50-50 senate, anyone can have influence. senator manchin was talking about inflation before anyone else as long as the world put up with him and his all of the above energy apology though i might have specific disagreements with it, is generally getting broader acceptance, particularly with the ukraine war and oil prices going up etc. so he had a real impact on the bill. senator sinema had specific issues she was...
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was it really due to their being upset about the manchin deal?, i mean, honestly, i have no idea. i don't -- i'm not up there. i'm only -- i'm watching it from the outside. i don't know why they did it. but i do know this, the explanations that they have given thus far are scatter shot, they're all over the place, and none of them make any sense. the thing that people have to realize is the bill that came out of the senate wasn't a democrat-funding gimmick, it came out of the senate veterans affairs committee, with jon tester and jerry moran, a democrat and a republican, it came out of that committee unanimously. republicans and democrats. and then it went to the floor and the senate approved it 84-14. there has been no funding change since then. there has been no gimmick inserted by anybody. none of this makes any sense. >> you know, it is interesting, you always have been very cynical and in some ways correctly so about how washington operates, how politics operate. here you have thrown yourself in the middle of it on a couple of different bill
was it really due to their being upset about the manchin deal?, i mean, honestly, i have no idea. i don't -- i'm not up there. i'm only -- i'm watching it from the outside. i don't know why they did it. but i do know this, the explanations that they have given thus far are scatter shot, they're all over the place, and none of them make any sense. the thing that people have to realize is the bill that came out of the senate wasn't a democrat-funding gimmick, it came out of the senate veterans...
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manchin says there is lots for sinema to like. >> she has a lot in this bill. she's the one who negotiated basically and no one changed the medicare negotiations. and they thought that wasn't. and she got involved and that was great. i support that. she's been very adamant and clear on no tax increases. i take that very seriously. i feel the same way. so i'm hoping that when she reviews and sees it and she's had time to do that, then we'll see where she is, but i'm not going to make any predictions on that at all. >> also on senate democrats' to do list, another shot at the bipartisan bill to extend medical care to millions of veterans, the one that senate republicans overwhelmingly voted to pass back in june but then in a surprise reversal blocked last week, john stewart, joined by veterans, returned to capitol hill again today to voice his support for legislation. the timing is super important. democrats accusing republicans of taking this bill really as revenge for the reconciliation deal democrats struck with joe manchin. joining me to talk all about this a
manchin says there is lots for sinema to like. >> she has a lot in this bill. she's the one who negotiated basically and no one changed the medicare negotiations. and they thought that wasn't. and she got involved and that was great. i support that. she's been very adamant and clear on no tax increases. i take that very seriously. i feel the same way. so i'm hoping that when she reviews and sees it and she's had time to do that, then we'll see where she is, but i'm not going to make any...
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joining us now is senator joe manchin of west virginia senator manchin, welcome to the show good to have you. >> good to be with you, sara thank you for having me. >> so you told my colleague at msnbc earlier that you had planned to speak with senator sinema this afternoon about the bill have you done that yet >> yes >> and what can you tell us? >> we had a good conversation. >> is she supportive >> we had a good conversation, sara i'm not going to say any more than that because she does her own homework and she looks at the bill and looks at the content and she'll make her decision and give her reason for making her decision, i'm sure. but with that, we talked about just an array of different things and we'll leave it at that >> did you talk about carried interest because i know you had said that she was on board in december about a lot of things, but this provision wasn't in that bill. >> well, we just had a good conversation we'll give her some information that we have and we'll share information back and forth, which is how we operate. it works out well at the end >> all right let me
joining us now is senator joe manchin of west virginia senator manchin, welcome to the show good to have you. >> good to be with you, sara thank you for having me. >> so you told my colleague at msnbc earlier that you had planned to speak with senator sinema this afternoon about the bill have you done that yet >> yes >> and what can you tell us? >> we had a good conversation. >> is she supportive >> we had a good conversation, sara i'm not going to say...
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pat toomey said manchin got duped. >> he got taken to the cleaners. the same gimmick he said he was opposed to. they claim the revenue over a 10-year window from the tax increase and price controls and then the expenditure they knowledge they pretend it will only be three years. these numbers are very dubious. >> the "new york post" editorial board call it joe manchin's anti-made in america bill. sinema was absent from the recent round of talks. silence is stressing out democrats who desperately need her vote. we got art laffer, economic advise hor to former president reagan in focus today but first edward lawrence joins us from the white house. >> the renamed inflation reduction act is adding $433 billion in new spending. to pay for that spending the white house and democrats are saying they will increase taxes to make up the difference. when you look in where those taxes are coming from, the bulk from the corporate minimum tax going up to 15%. allowing medicare and medicaid to negotiate for prescription drugs. adding i.r.s. agents and increasing tax
pat toomey said manchin got duped. >> he got taken to the cleaners. the same gimmick he said he was opposed to. they claim the revenue over a 10-year window from the tax increase and price controls and then the expenditure they knowledge they pretend it will only be three years. these numbers are very dubious. >> the "new york post" editorial board call it joe manchin's anti-made in america bill. sinema was absent from the recent round of talks. silence is stressing out...
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thanks, joe manchin. doing, but we have this irs training video accounts are also law enforcement officers, which is interesting because a lot of special agents -- we get to do the same things like other law enforcement officers do. >> we teach them defensive tactics to defend themselves and protecting others as well. not only can they analyze records, but they also have that -- component. >> in an actual democracy, irs agents are taught to be polite, but under joe biden, irs agents are taught in quotes to shoot." how is that not the war population of a country? represents the state of florida, when a few people who noticed this and try to disarm the irs. it does sound like a war. >> [laughs] sounds like joe biden's mission for america isn't armed irs in an electric car on his antiracist road somewhere, and the lack of self-awareness is so pronounced that these biden government officials are making liz cheney look -- you can't your way skinny, drink yourself sober, and can't spend your way out of inflatio
thanks, joe manchin. doing, but we have this irs training video accounts are also law enforcement officers, which is interesting because a lot of special agents -- we get to do the same things like other law enforcement officers do. >> we teach them defensive tactics to defend themselves and protecting others as well. not only can they analyze records, but they also have that -- component. >> in an actual democracy, irs agents are taught to be polite, but under joe biden, irs agents...
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that's the work of senator joe manchin. it speaks to how democrats have adjusted their goals to reality and what they're seeing. this bill is transformative when it comes to climate change and what not. it's very different from what they wanted a year ago. that's what senator sanders is complaining about. there's not the child care, the elderly care, all the other efforts to rewrite the social contract that initially saw it. though you can see, given how enthusiastic democrats are about this, how much their goals basically have changed. >> i think they're watching the clock running out. the end of the legislative session, the end of this congress, the midterms less than a month away. it's either now or never. i would make the argument, molly, that democrats were quite enthused by what happened given the overturning of roe. we've got to get off our behind here because if we don't, we'll get nothing done. we've seen that in the polling where all of a sudden you've seen the democrats climbing back from the generic congressiona
that's the work of senator joe manchin. it speaks to how democrats have adjusted their goals to reality and what they're seeing. this bill is transformative when it comes to climate change and what not. it's very different from what they wanted a year ago. that's what senator sanders is complaining about. there's not the child care, the elderly care, all the other efforts to rewrite the social contract that initially saw it. though you can see, given how enthusiastic democrats are about this,...
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he challenged me, manchin. read it. that we're reading it, look what's in it. >> the patriotism is acknowledging the truth that it's an assault on the american people during a time of high inflation, during an uncertain time economically in general and you will squeeze more blood out of that rock? shame on you, how dare you. for joe manchin to pretend it isn't a new tax, he is deciding to not face the truth because he is getting something. you know, it shows you they're all the same out there in washington >> harris: kyrsten sinema, what she will do from arizona. the only one holding out at this point. hearing for house nancy pelosi's husband today over his d.u.i. arrest last may. paul pelosi is not expected at the arraignment. a criminal complaint reveals it was a major collision in fact. reading that paul pelosi had red, watery eyes, unsteady on his feet and slurring his word and that he tried to use privilege to get out of trouble by flashing a police courtesy card. he wasn't charged with a felony even though the oth
he challenged me, manchin. read it. that we're reading it, look what's in it. >> the patriotism is acknowledging the truth that it's an assault on the american people during a time of high inflation, during an uncertain time economically in general and you will squeeze more blood out of that rock? shame on you, how dare you. for joe manchin to pretend it isn't a new tax, he is deciding to not face the truth because he is getting something. you know, it shows you they're all the same out...
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we go now to west virginia democrat joe manchin. senator, welcome. i hope you're feeling better from the covid. let me start with -- >> i am, john. thanks for having me.ieit. let me start with something you to said back in 2010 in a debate when you were running for senate. here's what you said. >> i don't think during a time of recession you mess with any of the taxes or increase any taxes. >> so that's become your republican colleagues' favorite quote to roll out now that you made this agreement with chuck schumer that has a tax piece to it. why did you change your mind? >> john, i didn't change my mind. i never changed at all. this is fighting inflation. this is all about the absolute horrible position the people are in now because of the inflation costs. whether gasoline, whether food pricing, whether it is energy prizing and it is around energy mostly driving the high inflation. this is going to take care of that because this aggressively producing more energy to get more supply, to get the prices down. that's what we're doing. but we didn't rais
we go now to west virginia democrat joe manchin. senator, welcome. i hope you're feeling better from the covid. let me start with -- >> i am, john. thanks for having me.ieit. let me start with something you to said back in 2010 in a debate when you were running for senate. here's what you said. >> i don't think during a time of recession you mess with any of the taxes or increase any taxes. >> so that's become your republican colleagues' favorite quote to roll out now that you...
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i want to thank leader schumer and manchin, joe manchin, senator manchin, for the extraordinary effort that it took to reach this result. thank you. and let me speak to one other issue. let me speak to one other issue. the g.d.p. and whether or not we are in a recession. both chairman powell and many of the significant banking personnel and economists say we're not in a recession. but let me just give you what the facts are. in terms of the state of the economy. number one, we have a record job market, record unemployment of 3.6% today. we've created nine million new jobs so far, just since i became president. businesses are investing in america at record rates, at record rates. foreign business are investing in america, hundreds of millions and trillions of dollars, sum total. $100 billion in semiconductor investments already announced by intel, samsung and texas instruments. more than $100 billion in electric vehicle battery investments by ford, general motors,-day, tesla and more. and just last week, s.k. corporation of the republican of korea announced $22 billion in new investment
i want to thank leader schumer and manchin, joe manchin, senator manchin, for the extraordinary effort that it took to reach this result. thank you. and let me speak to one other issue. let me speak to one other issue. the g.d.p. and whether or not we are in a recession. both chairman powell and many of the significant banking personnel and economists say we're not in a recession. but let me just give you what the facts are. in terms of the state of the economy. number one, we have a record job...
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instead, manchin's going to... construct again... good. ( laughter ) ( applause ) his change-- his change of heart-- manchin's, i mean, his change of heart really surprised senate minority leader and taxidermied chicken thigh, mitch mcconnell mcconnell can't filibuster this bill, because it's part of the budget reconciliation process. but to dissuade democrats from even trying that, mcconnell had threatened that republicans would block a different bill, a popular semiconductor chip bill that would make the u.s. more competitive with china called, "the chips and science act." which i believe also pays for the development of new three- dimensional cool ranch technology. it's like the sodium is coming right at you. yesterday, mcconnell did allow that chip bill to be voted on because last week, manchin said he was never voting for "build back better." then, just hours after the chip bill passed, schumer and manchin announced their reconciliation deal! boom! they pulled the old "bait and mitch." and you have to get up-- ( laughter ) ( app
instead, manchin's going to... construct again... good. ( laughter ) ( applause ) his change-- his change of heart-- manchin's, i mean, his change of heart really surprised senate minority leader and taxidermied chicken thigh, mitch mcconnell mcconnell can't filibuster this bill, because it's part of the budget reconciliation process. but to dissuade democrats from even trying that, mcconnell had threatened that republicans would block a different bill, a popular semiconductor chip bill that...
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ashley: the manchin-schumer part absolutely. there were very few people inside the white house who knew that this was coming together. there was a sense -- manchin's people had told brian deese that they had resumed negotiations. but they've been negotiating with senator manchin since the very beginning of this administration. so again, it really was sort of surprise and delight and something that they truly were not expecting. not just several weeks ago but even a handful of days before it was announced. leigh ann: so asma, is this something you have this bill which is on the precipice of passin you have better-than-expected jobs numbers which were now back to pre-pandemic levels of employment, are these things -- other bills that have passed as well, the pact act, the chips bill, are these things that the president and democrats can now take to voters? asma: it certainly a strategy that democrats are hoping that they can campaign on ahead of the midterms. look, i think -- when i have gone out in different parts of the country
ashley: the manchin-schumer part absolutely. there were very few people inside the white house who knew that this was coming together. there was a sense -- manchin's people had told brian deese that they had resumed negotiations. but they've been negotiating with senator manchin since the very beginning of this administration. so again, it really was sort of surprise and delight and something that they truly were not expecting. not just several weeks ago but even a handful of days before it was...
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. >> joe manchin and democrats finally agree a bill to spend billions on climate, to cut the deficit.is a political octs have the need? >> we'll be talking and hopefully we'll have 50 votes. >> i'll talk to the man at the center of it all, senator joe manchin of west virginia. >>> plus, senate republicans block a bill they formerly supported to help veterans exposed to toxic burn pits. >> i'm used to the lies.
. >> joe manchin and democrats finally agree a bill to spend billions on climate, to cut the deficit.is a political octs have the need? >> we'll be talking and hopefully we'll have 50 votes. >> i'll talk to the man at the center of it all, senator joe manchin of west virginia. >>> plus, senate republicans block a bill they formerly supported to help veterans exposed to toxic burn pits. >> i'm used to the lies.
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dagen: a new bill from shy you her and manchin -- schumer and manchin that raises taxes and does notlation. a new study shows the inflation reduction act of 2022, surprise, surprise, will not reduce inflation, finding that the act would cause inflation to slowly rise until 2024 before then sliding. researchers having, quote, low confidence that the legislation will have any impact on inflation. the bill also aims to raise taxes by $327 billion, those are new taxes, bringing the total deficit to $300 billion. deficit reduction, this is according to senate democrats. joining the conversation all morning long, former wisconsin congressman, fox news contributor, sean duffy and michael lee strategy founder, michael lee. good to see both of you gentlemen. sean, it's astonishing to me that the democrats, schumer, manchin, want to raise taxes and spend hundreds of billions of dollars more when we are being gripped by stagflation. >> you know, it's a really good point, dagen. $700 billion of additional spending, then $400 billion of it goes to he global warming. i want to make a quick point.
dagen: a new bill from shy you her and manchin -- schumer and manchin that raises taxes and does notlation. a new study shows the inflation reduction act of 2022, surprise, surprise, will not reduce inflation, finding that the act would cause inflation to slowly rise until 2024 before then sliding. researchers having, quote, low confidence that the legislation will have any impact on inflation. the bill also aims to raise taxes by $327 billion, those are new taxes, bringing the total deficit to...
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and save at trelegy.com. ♪ ♪ >> jesse: joe manchin has been hard at work in washington lately.'s been called the most powerful joe in d.c. he doesn't have much competition. nowadays he and kyrsten sinema seem to be the only normal democrats in washington, often preventing their party from driving us off a cliff. that deserves some credit, i guess. most of it is worked. joe manchin is hated by the democrats but over the weekend he surprised everybody because he fell in line and signed onto the green new deal. joe manchin seems like one of the smart ones so what happened? this morning we figured it out. joe manchin got a ton of money for his little side project, the mountain valley pipeline in west virginia. the pipeline payoff. wait a second, i thought the democrats hated pipelines? does jennifer granholm even know how a pipeline works? the democrats use the oldest player in the book, give joe manchin this quid pro quo pipeline so democrats get a win before the midterms. he grilled joe manchin on it this morning. >> even if everybody were out to go get two or three jobs and now
and save at trelegy.com. ♪ ♪ >> jesse: joe manchin has been hard at work in washington lately.'s been called the most powerful joe in d.c. he doesn't have much competition. nowadays he and kyrsten sinema seem to be the only normal democrats in washington, often preventing their party from driving us off a cliff. that deserves some credit, i guess. most of it is worked. joe manchin is hated by the democrats but over the weekend he surprised everybody because he fell in line and signed...
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joe manchin negotiated that hydrogen powered cars can qualify as well.e has a plan, i know toyota is really interested in hydrogen power. hydrogen is also going to be pretty critical for trucks and stuff like that. the tax credit can help that industry going as well. there is a lot of alternative vehicles that are kind of pump -- sponsored. that kind of gets those emissions down. host: when it comes to homes, they go from $9 billion for energy efficient home retrofit. what is the conclusion? guest: this is something you and i, or people who own a home can qualify to get the benefit. this is to help electrify your home of the bit. they be you put a heat pump and instead of gas burners. i know my mom who lives up in the northeast still has a gas /oil powered heat which is too expensive now. so she has been looking at a heat pump but they are expensive. right now they are a little expensive to buy. labor, installation it's like putting in a new central air system. she would qualify for a rebate under this program and it would probably pay for that he pump i
joe manchin negotiated that hydrogen powered cars can qualify as well.e has a plan, i know toyota is really interested in hydrogen power. hydrogen is also going to be pretty critical for trucks and stuff like that. the tax credit can help that industry going as well. there is a lot of alternative vehicles that are kind of pump -- sponsored. that kind of gets those emissions down. host: when it comes to homes, they go from $9 billion for energy efficient home retrofit. what is the conclusion?...
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manchin might not yet get his way. >> right. you bring up a good point, stuart, because what will the house, democrat house members do? are hay going to allow and accept this mountain valley pipeline that manchin negotiated? i mean, this is something that makes the house democrats and the progressive democrats have a heart attack. they don't want any money going towards pipelines, and so i think it presents a big problem for manchin. but remember are, we've still got to get senator sinema onboard. she's not convinced on big spending bill, so the democrats are walking a fine line because hay know they're going to be in trouble if they can't deliver a legislative victory, or even more in trouble, i should say, going into the midterm elections. 9. stuart: doesn't it leave a bad taste in your mouth when big spending bill gets possibly passed because one senator gets a pipeline? doesn't that just ring badly? >> well, and when you're looking at, stuart, the fact aha when manchin can barely answer the question of does he want democrats
manchin might not yet get his way. >> right. you bring up a good point, stuart, because what will the house, democrat house members do? are hay going to allow and accept this mountain valley pipeline that manchin negotiated? i mean, this is something that makes the house democrats and the progressive democrats have a heart attack. they don't want any money going towards pipelines, and so i think it presents a big problem for manchin. but remember are, we've still got to get senator sinema...
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they're not new taxes. >> martha: that's the manchin argument. he says that's why some taxes will go up. what matter is if it does happen in lower income brackets, that's where people will feel it and they will likely react badly to that. we'll see what krysten sinema says. she's felt left out of this whole process that manchin and schumer put together. so she may be feeling stung by that deal and we'll see if that makes for more. we'll see you at 4:00. looking forward to it. so karl rove will join us in a moment. he will break down another batch of new polling lows for the current president. we'll see you where other presidents stacked up at the same period in time when we come back. >> how nervous is this white house when you look at the numbers? when you think about the other democrats out there making their voices heard? >> the president intends to run in 2024. we're a long ways away from that. >> tech: cracked windshield? don't wait. go to safelite.com you can schedule service in just a few clicks. it's so easy. and more customers today are
they're not new taxes. >> martha: that's the manchin argument. he says that's why some taxes will go up. what matter is if it does happen in lower income brackets, that's where people will feel it and they will likely react badly to that. we'll see what krysten sinema says. she's felt left out of this whole process that manchin and schumer put together. so she may be feeling stung by that deal and we'll see if that makes for more. we'll see you at 4:00. looking forward to it. so karl rove...
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>> i did, because joe manchin didn't walk away from the table, he kept telling people i'm not walking away, i just want to make sure i get this right. i will tell you after eight years working for him he is a guy who likes to get stuff done, he wants to cut a deal, it's who he is, it's like the governor dna in him. if he were going to walk away, he would have told them, i'm done, i can't do this, i'm leaving. he said he didn't want to walk away. he kept working on t he made the bill better. senator sinema made the bill better. this is now a better bill at the right time and democrats should be celebrating this and i think they will once we get through the painfully long bird bath vote-a-rama process that will happen i think it's tomorrow night and i'm just glad john and i won't be wandering the halls of russell looking for a red bull at 3:00 a.m. >> it's funny what you miss being on the hill. >> you would be the only one. >> i am not. admit t deep down you are. john, there are going to still be critics of senator sinema's, right? if we look back on some of the achievements in the bide
>> i did, because joe manchin didn't walk away from the table, he kept telling people i'm not walking away, i just want to make sure i get this right. i will tell you after eight years working for him he is a guy who likes to get stuff done, he wants to cut a deal, it's who he is, it's like the governor dna in him. if he were going to walk away, he would have told them, i'm done, i can't do this, i'm leaving. he said he didn't want to walk away. he kept working on t he made the bill...
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i want to play something that senator manchin said today. watch. >> i just need people to explain to me of the wealthiest people in america, the wealthiest 1/10th of 1% of the people that have made more than any time in the history of this country, how that would be detrimental. i just need to hear that explanation, that's all. >> is that going to be persuasive to senator sinema? and what does she need to hear to move this bill forward? >> that's a really good question. i think that's what everyone is looking to see today. part of this is that specific loophole they're talking about eliminating only raises about $14 billion in revenue. so if you're going to lose any part of this package, i think that's the part that manchin and schumer would be most comfortable losing. and some have even speculated that they put this in there as a way like if sinema is going to play hardball, here is something she can claim she fought back on and won. the other part that i thought was really interesting this morning, was manchin was really trying to talk to
i want to play something that senator manchin said today. watch. >> i just need people to explain to me of the wealthiest people in america, the wealthiest 1/10th of 1% of the people that have made more than any time in the history of this country, how that would be detrimental. i just need to hear that explanation, that's all. >> is that going to be persuasive to senator sinema? and what does she need to hear to move this bill forward? >> that's a really good question. i...
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but could this new bill from senators manchin and schumer cut jobs, tens of thousands of jobs?nator roger marshall weighs in next. ♪ ♪ ♪ only at vanguard, you're more than just an investor you're an owner. that means that your goals are ours too. and vanguard retirement tools and advice can help you get there. that's the value of ownership. dagen: arizona senator kyrsten sinema reportedly looking to make changes to the manchin-schumer massive tax and spend bill. she's worried that the corporate tax piece of the bill could trickle down to workers and when it comes to climate change and spending there, she wants more of it. more pork, more spending. meantime a new nonpartisan analysis from the tax foundation finds that the manchin-schumer deal could actually eliminate about 30,000 u.s. jobs, joining me now kansas senator roger marshall. he's a member of the senate energy small business and agriculture committees. 30,000 full-time equivalent jobs lost, it would reduce after-tax incomes for taxpayers across every income quintile in the long run and it would also reduce long-term ec
but could this new bill from senators manchin and schumer cut jobs, tens of thousands of jobs?nator roger marshall weighs in next. ♪ ♪ ♪ only at vanguard, you're more than just an investor you're an owner. that means that your goals are ours too. and vanguard retirement tools and advice can help you get there. that's the value of ownership. dagen: arizona senator kyrsten sinema reportedly looking to make changes to the manchin-schumer massive tax and spend bill. she's worried that the...
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jam through a $433 billion climate and social spending bill after getting the green light from joe manchining the bill will not raise taxes or make record inflation even worse. >> last year you said the american rescue plan, the covid relief bill would not cause inflation. so why should americans believe you now and you say this new bill will not exacerbate inflation? >> i made sure that i don't make that mistake again, that's the bottom line. it does not raise taxes and i have said this before all we did was cause loopholes. >> this is a red, white, and blue bill, honest to god. >> jesse: a new study says that it will raise taxes on those not making $400,000 a year, but the white house says it will get by. >> that is incorrect. >> so the joint taxation which you guys heralded as an effective value when you are the infrastructure package is not to be trusted here? >> i said it is not correct because it will be incomplete. >> jesse: republicans slamming the spending plan even saying joe manchin has been tricked by the left. >> in this time of a recession, this time of high cost of living is
jam through a $433 billion climate and social spending bill after getting the green light from joe manchining the bill will not raise taxes or make record inflation even worse. >> last year you said the american rescue plan, the covid relief bill would not cause inflation. so why should americans believe you now and you say this new bill will not exacerbate inflation? >> i made sure that i don't make that mistake again, that's the bottom line. it does not raise taxes and i have said...
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west virginia democratic senator joe manchin. first to griffin jenkins alive at the white house with the present is back in isolation after experiencing a rebound from covid, griffith. >> good morning brett. the president is here at the white house this morning after testing positive again yesterday, forcing him to cancel plans to be in wilmington today and sidelining his return to the road to sell his agenda, scrapping a trip to michigan on tuesday, his doctor, kevin o'connor said in a letter quote the president has experienced no reemergence of symptoms and continues to feel quite well. the president first tested positive on july 21 underwent treatment and tested negative on wednesday. he downplayed the rebound case in the video. >> of it working from home the next couple of days. [inaudible] >> new questions are being raised how strictly he adhered to cdc guide wasn't mine's in several appearances this week but photographed as he designed a declaration yesterday, white house say he has been careful as it again underway for the
west virginia democratic senator joe manchin. first to griffin jenkins alive at the white house with the present is back in isolation after experiencing a rebound from covid, griffith. >> good morning brett. the president is here at the white house this morning after testing positive again yesterday, forcing him to cancel plans to be in wilmington today and sidelining his return to the road to sell his agenda, scrapping a trip to michigan on tuesday, his doctor, kevin o'connor said in a...
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senator joe manchin. senator, how are you? state senator joe manchin. >> i'm not going to do something and overreach that causes more problems. >> reporter: in a 50-50 u.s. senate, evenly divided between democrats and republicans, manchin, a moderate democrat is the pivotal vote. and at the center of seemingly every big debate. swarmed by media at every stop in the capitol this year, manchin chooses to reveal many of his big decisions to hoppy. you talk to him first? >> i talk to hoppy first, because i know i'm talking to west virginia when i talk to hoppy. >> reporter: including recent orter:hite hse i they listening. listen >> evod h get me to say exactly the purpose of what i'm doing, and why i'm doing it. >> reporter: they ascended the mountain simultaneously, building his radio network to almost every community as manchin rose from state official to national political figure. people start to assume i'm the manchin whisperer as though i'm talking to him all the time. >> i've heard you called that. >> and telling him what's
senator joe manchin. senator, how are you? state senator joe manchin. >> i'm not going to do something and overreach that causes more problems. >> reporter: in a 50-50 u.s. senate, evenly divided between democrats and republicans, manchin, a moderate democrat is the pivotal vote. and at the center of seemingly every big debate. swarmed by media at every stop in the capitol this year, manchin chooses to reveal many of his big decisions to hoppy. you talk to him first? >> i talk...
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manchin said he was for a living wage when he ran. so did sinema.of these scenes have been pushed down in order to get this. we have to honor what is historic but we also have to say what is problematic. it is a moral right and because 90% of the things that were cut out will hurt poor people, low-wage people, and low-wealth people who represent 140 milli-people in this country. 30% of the electorate overall and 45% in seven battleground states. we have to address this. it is always been in the midst of american politics. dr. king talked about a lot when he said the moderates were the worst enemies because they were more interested in compromise. we still have to have that critique today. some don't like it. i come out of a sports background. when i played football and when i watch basketball, you win a championship seven-game series. you did not win oneame isay, series over. he did not jump in a plot until you won all four games. democrats should say, look, this is what we were able to do with 50 votes and a the senate and two renegade senators. 54
manchin said he was for a living wage when he ran. so did sinema.of these scenes have been pushed down in order to get this. we have to honor what is historic but we also have to say what is problematic. it is a moral right and because 90% of the things that were cut out will hurt poor people, low-wage people, and low-wealth people who represent 140 milli-people in this country. 30% of the electorate overall and 45% in seven battleground states. we have to address this. it is always been in the...
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but congratulationsns, hi joe manchin. you're making bernie sanders and aoc very happyn.s tonight with reaction. fox news contributor ari fleischerr and the founder of the committee to unleash prosperity, steve moore th. steve, 17 billion in new taxes for people making under 200000 a year. the people that have said don'tr raise taxes during a recession that would have beenai a mansio. obama and pelosi. we have them on tape. we p played it before a lot ofd pork in this bill .ot a lot of it related to the green new deal. up to fourearly trillion in new debt under biden in only 18 months. that's got to be a new record. yeah, it is . schwann, you did a great job ofl summarizing this bill . i just want to amplifyl.l. t one thing that youhe said, whict is the state that is the biggest loser here from this massive green energy agenda is clearly west virginia. i do not understand why joe manchin sold out his own state. he thinks somehow this is going to lead toom more coal and oil and gas production. are you kidding me?l with with
but congratulationsns, hi joe manchin. you're making bernie sanders and aoc very happyn.s tonight with reaction. fox news contributor ari fleischerr and the founder of the committee to unleash prosperity, steve moore th. steve, 17 billion in new taxes for people making under 200000 a year. the people that have said don'tr raise taxes during a recession that would have beenai a mansio. obama and pelosi. we have them on tape. we p played it before a lot ofd pork in this bill .ot a lot of it...
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look at joe manchin and kyrsten sinema and why they voted for the bill, for joe manchin, he's voting this bill for promise of permitting reform that's not in the bill that will happen after the bill by the end of september. christensen what is more transparent voting for it because it took up the provision for the wealthiest donor for her. it would be easy to hang this around this, but 50 are voting for it, we get a better perspective on this, you look at warnock going up against walker, i think herschel will do really well but georgia voters will vote for this. joe manchin has given a shield and so many arrows from the democratic party, i want a spending bill passed but i also don't like the idea of thinking they could hide behind him. at least we see true colors. >> you bring up the voters, alicia you were in arizona talking to voters connecting with people, i think it's obvious the reasons democrat are pushing this through is because the midterms are coming in, they've done nothing on inflation, is through the roof, they've done very little to bring down gas prices and they think
look at joe manchin and kyrsten sinema and why they voted for the bill, for joe manchin, he's voting this bill for promise of permitting reform that's not in the bill that will happen after the bill by the end of september. christensen what is more transparent voting for it because it took up the provision for the wealthiest donor for her. it would be easy to hang this around this, but 50 are voting for it, we get a better perspective on this, you look at warnock going up against walker, i...
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and they say senator manchin was duped. >> this is an attempt to try to rein in manchin, get sinema to again spends all the money up front, has all the savings later on. typical d.c. gobbbly-goop. >> back to you, john. >> john: ed lawrence from 1600 pennsylvania avenue. >> sandra: save the question i was just asking larry off the camera for on camera now, we ran out of time. larry kudlow is here, number one show in business news once again for the month of july. congratulations to you. >> larry: thank you. it's a great blessing for us, but f.b.n., the whole network is killing it, and beating the competition. proud of that. >> sandra: and you are a huge part of that, larry. >> larry: thank you. >> sandra: the inflation reduction act, you had this react to it. and i know you've got inside baseball knowledge what's going on here. so, explain this to us. because what republicans are saying and those who are not a fan of this because you can make the case this is across party lines, 15% corporate minimum tax, ok. that's where the democrats and joe manchin are saying wait, this is just them
and they say senator manchin was duped. >> this is an attempt to try to rein in manchin, get sinema to again spends all the money up front, has all the savings later on. typical d.c. gobbbly-goop. >> back to you, john. >> john: ed lawrence from 1600 pennsylvania avenue. >> sandra: save the question i was just asking larry off the camera for on camera now, we ran out of time. larry kudlow is here, number one show in business news once again for the month of july....
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they deserve this, as much as i admire joe manchin and sinema for standing up to the radical left at times, they are empowering legislation that will make the average person's life more difficult. >> are there specific topics or amendments that you think could put democrats in a tough spot? >> energy, inflation, the border, and crime, expect to see amendments on all those things. >> this bill is a major part of biden's economic agenda and it is heading to a vote in the senate just hours after that blockbuster report on the american economy. i am talking, the jobs report. employers added an unexpected 528,000 jobs last month. that means the country has regained all the jobs lost during the pandemic. unemployment is down to just 3. 5%. and this afternoon, president biden took a victory lap. >> almost 10 million jobs since i took office. that's the fastest job growth in history. today, we're also max of the unemployment rate in -- in the last 50 years. 3.5%. i know people will hear today's extraordinary jobs report and say, they don't see it. they don't feel it. in their own lives. that
they deserve this, as much as i admire joe manchin and sinema for standing up to the radical left at times, they are empowering legislation that will make the average person's life more difficult. >> are there specific topics or amendments that you think could put democrats in a tough spot? >> energy, inflation, the border, and crime, expect to see amendments on all those things. >> this bill is a major part of biden's economic agenda and it is heading to a vote in the senate...
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>> look, i know joe manchin well, i served with him. he's a friend, full disclosure. not only with joe manchin but with so many members of congress, it ain't over till it's over. and you are only as unpopular as it takes to do something like joe manchin did and senator sinema to make you popular again. most people knew that when reconciliation was pronounced dead that the obituary was premature. that there was still time to get this done, that there would be extra innings. now that we are -- in the timeframe for that was really where we are now. democrats could not afford to go home in august without messaging, to michael's point. now they have a message, they have the bill, they have policy solutions. and joe manchin did come through for them at the end of the day. >> michael, since you are already on the crazy beach tonight, let's talk republicans. because well democrats are addressing inflation, the autocratic leader of hungary was riling up conservatives down in [inaudible] at the cpac conference today. here is a bit. it pains me to even air him speaking. but a bi
>> look, i know joe manchin well, i served with him. he's a friend, full disclosure. not only with joe manchin but with so many members of congress, it ain't over till it's over. and you are only as unpopular as it takes to do something like joe manchin did and senator sinema to make you popular again. most people knew that when reconciliation was pronounced dead that the obituary was premature. that there was still time to get this done, that there would be extra innings. now that we are...
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plans to make personal when i it comes to manchin and sinema. they're teaming up to put the duo on the spot. >> what will voter rama be like? like hell. they deserve this. as much as administrator manchin and sinema standing up they're empowering that will make the average person's life more difficult. >> graham threatened to filibuster for a pipeline he want. >> senator manchin, if you think you're going to get 60 votes to get the sweetener you need to think long and hard. >> it could be long nights on capitol hill this weekend, if the senate passes the bill the house plans to sync up next friday. tammy. >> thanks chad. while democrats remove a tax on billionaires the reckless spending spree includes funding to hire 87,000 newers agents in order to audit the middle class and to squeeze small business owners over every penny they may ar may not owe uncle sam. they don't want to fund border patrol but they want to fund theers. making us all more dependent on the nanny state for our livelihood. tonight there are growing signs that democrats are re
plans to make personal when i it comes to manchin and sinema. they're teaming up to put the duo on the spot. >> what will voter rama be like? like hell. they deserve this. as much as administrator manchin and sinema standing up they're empowering that will make the average person's life more difficult. >> graham threatened to filibuster for a pipeline he want. >> senator manchin, if you think you're going to get 60 votes to get the sweetener you need to think long and hard....
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senator joe manchin on the sunday shows yesterday. we will keep track of other news happening on the program, so you can start calling in with your top midterm election issue for 2022. this is the "washington examiner " headline, "inside manchin's nonstop media tour after secret schumer deal." "the senator completed a virtual version of the full ginsberg by appearing on the five largest we can news programs. the term is named for bill ginsberg, who served as monica lewinsky's attorney during the scandal surrounding her affair with then-president bill clinton. he became the first person to appear on all five shows in one day back in 1998, when the top story that week involved his then client." they write this about joe manchin's appearances. "the moderate democrats stood by his inflation reduction act, a scaled-back alternative to build back better, a sweeping social spending and green energy bill that the senator killed last year when he objected to its price tag and raised concerns over inflation. the message was simple, this new leg
senator joe manchin on the sunday shows yesterday. we will keep track of other news happening on the program, so you can start calling in with your top midterm election issue for 2022. this is the "washington examiner " headline, "inside manchin's nonstop media tour after secret schumer deal." "the senator completed a virtual version of the full ginsberg by appearing on the five largest we can news programs. the term is named for bill ginsberg, who served as monica...
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. >> reporter: joe manchin struck a surprise deal with senator senate majority leader chuck schumer on the bill, which includes the president's priorities from energy to health care. with manchin even taking to the sunday shows to defend the new bill. >> we did not increase taxes, chuck. we've closed loopholes. which did not raise taxes. we closed loop holes. >> the democrat who stood in the way of the last push, said they promised it would tame inflation. republicans disagree. >> it's going to make inflation worse actually. i like joe very much, but i think he got taken to the cleaners. >> reporter: with 100 days until the midterms, a new tracker finds republicans would hold a lead in the house if the election was held today. with economy and inflation among the top issues for november. and democrats plan to vote on the bill this week before heading out on their august recess, using reconciliation. meaning they would only need 50 votes. keeping their own caucus together. the outlier remains kyrsten sinema who has yet to say if she will vote for the bill. jericka? >> all right. serena
. >> reporter: joe manchin struck a surprise deal with senator senate majority leader chuck schumer on the bill, which includes the president's priorities from energy to health care. with manchin even taking to the sunday shows to defend the new bill. >> we did not increase taxes, chuck. we've closed loopholes. which did not raise taxes. we closed loop holes. >> the democrat who stood in the way of the last push, said they promised it would tame inflation. republicans...
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that joe manchin talked about. he continues to go around it.he very first lines of the senate democrat's bill says this is going to close the deficit because it's going to raise $700 billion in taxes. it's raising taxes at the worst time. you don't want -- it's going to raise taxes when the economy is in recession almost certainly and at a time when it won't do anything about inflation until inflation is long over as a problem. it's the worst possible combination. it's for the democrats and their plan to increase the size of government, increase regulation and impose more and more green on a country that used to be energy self-sufficient. >> charles: thanks, gerry. a lot of quotes by starbucks after the closing billion. we'll let you know after taking out the leader of al-quaida. are we safe here in america or not? your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire large ou
that joe manchin talked about. he continues to go around it.he very first lines of the senate democrat's bill says this is going to close the deficit because it's going to raise $700 billion in taxes. it's raising taxes at the worst time. you don't want -- it's going to raise taxes when the economy is in recession almost certainly and at a time when it won't do anything about inflation until inflation is long over as a problem. it's the worst possible combination. it's for the democrats and...
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just to fact correct, i love senator manchin the single largest provision in the manchin-biden "build back better" are tax hikes and they land on made in america manufacturers. the companies that hire here and build here in america take the biggest hit and yes, it does violate president biden's pledge against raising taxes on people making less than 400,000. nearly every income level of workers will see a tax hike starting next year. stuart: yeah. jackie: it is a contradiction not only on what he promised americans with regard to taxes and with respect to manufacturing as well. we've been talking about the last five years making more in america. president trump really tried hard to put pressure on china to bring more of that business back home domestically. president biden says he is doing that but i have a hard time trying to believe he is setting the seeds properly when he is actually going after the manufacturers essentially with this bill. >> yeah. you are spot on. so look after tax cuts and jobs act we saw half a million manufacturing jobs come back and be created in america. we
just to fact correct, i love senator manchin the single largest provision in the manchin-biden "build back better" are tax hikes and they land on made in america manufacturers. the companies that hire here and build here in america take the biggest hit and yes, it does violate president biden's pledge against raising taxes on people making less than 400,000. nearly every income level of workers will see a tax hike starting next year. stuart: yeah. jackie: it is a contradiction not...
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manchin says he's willing to consider changes to it should she want to make any.ng to scrap closing the carried interest loophole? that that helps money managers lower their tax bills. st expected to bring in $14 billion, but sinema likely does not want to tick off her big donors that benefit from it. not sure he's going to cave if she demands that. overall, though, the tax and spending provisions have senator manchin on the defensive. >> this is a balanced approach that everyone's been talking about, but everyone's upset for whatever reason, because they're afraid it's a political bill. this is not a democrat bill, this is not a republican bill, this is not a green deal, this is a red, white and blue deal. if you think i'm going to roll over, i've been at this for 40 years, i have never, ever, ever been pushed into doing something i didn't think was right for my state or my country. lauren: but it hits americans and lower income americans too with higher bills. stuart: yes, it does. lauren: it taxes them. he can say whatever he wants, penn wharton, joint committe
manchin says he's willing to consider changes to it should she want to make any.ng to scrap closing the carried interest loophole? that that helps money managers lower their tax bills. st expected to bring in $14 billion, but sinema likely does not want to tick off her big donors that benefit from it. not sure he's going to cave if she demands that. overall, though, the tax and spending provisions have senator manchin on the defensive. >> this is a balanced approach that everyone's been...
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joe manchin said you should like this. do you? >> i hate it. i like joe manchin he stood up to the liberals on occasion but he is empowering the left. he is going to increase inflation. the congressional budget office said in 2023 inflation will go up or down. the joint tax committee, new taxes will be passed on to the consumer, $70 of earned income. when it comes to obamacare subsidies, if you make 400,000 as a family of four. every problem we are facing is worse. they told you the american rescue plan would rescue you. it doesn't reduce inflation. if you believe the border is secure and the taliban and didn't know ayman al-zawahiri was in couple you will believe this heels inflation. viewed out other things you should doubt this. maria: 230 economists sent a letter saying this would add to inflation. we know that inflation was 1.4% when president biden walked into the oval office and now it is 1.4% largely due to this spending. why are these senators agreeing to it? what do they get? >> it is in democratic dna to tax-and-spend. this is all th
joe manchin said you should like this. do you? >> i hate it. i like joe manchin he stood up to the liberals on occasion but he is empowering the left. he is going to increase inflation. the congressional budget office said in 2023 inflation will go up or down. the joint tax committee, new taxes will be passed on to the consumer, $70 of earned income. when it comes to obamacare subsidies, if you make 400,000 as a family of four. every problem we are facing is worse. they told you the...