Manchin Says Democrats’ $3.5 Trillion Budget Bill Remains ‘Fiscal Insanity’ on Eve of Vote
Manchin Says Democrats’ $3.5 Trillion Budget Bill Remains ‘Fiscal Insanity’ on Eve of Vote

By Isabel Van Brugen

His vote is critical to the bill’s passage.

Sen. Joe Manchin (D-W.Va.), on the eve of a voting deadline for the Democratic leadership’s $3.5 trillion spending bill, decried the measure as “fiscal insanity,” warning that it would not get his vote without further adjustments.

“I cannot—and will not—support trillions in spending or an all-or-nothing approach that ignores the brutal fiscal reality our nation faces,” Manchin said in a statement late on Wednesday.

Manchin, whose vote is critical to the bill’s passage, separately told reporters on Wednesday that he believes it will take “a while” to work out the specific changes needed to pass the broad measures proposed in the Biden-backed “Build Back Better Act,” which was not drafted in a bipartisan fashion.

Without elaborating on the specifics on his discussions with President Joe Biden, Manchin said that “the reconciliation bill is going to take a while; it’s not going to be a week or two or three weeks.”

“There’s a lot, just even the tax code itself,” to iron out, he said.

In his statement, the independently-minded West Virginia Democrat outlined how he aims to work on the reconciliation bill, which is scheduled for a vote on Thursday.

“I want to do a tax overhaul. One thing you understand that all Democrats agreed on, there’s not a lot of things we all agree on, is that the 2017 tax cuts are unfair and weighted toward the high end. Let’s fix that. That’s the reconciliation,” Manchin said. “I think we can get a good bill done. I really do, if we work in good faith.”

Republicans are universally opposed to the $3.5 trillion measure, which passed in the House on Aug. 24 amid the Afghanistan withdrawal crisis. Aside from Manchin, Sen. Kyrsten Sinema (D-Ariz.) is another Democrat also believes the price tag proposed by the party leadership is too high.

Progressive Democrats, meanwhile, have again threatened to derail a separate $1.2 trillion infrastructure bill—a second element of Biden’s “two-track strategy” for his Build Back Better agenda that would finance highway, internet, and other infrastructure projects—unless moderates back the $3.5 trillion package as well.

Earlier in September, Manchin argued in a Wall Street Journal op-ed that the measure would create “inflation and debt.”

“Spending trillions more on new and expanded government programs, when we can’t even pay for the essential social programs, like Social Security and Medicare, is the definition of fiscal insanity,” the senator said in his statement on Wednesday.

“Proposing a historic expansion of social programs while ignoring the fact we are not in a recession and that millions of jobs remain open will only feed a dysfunction that could weaken our economic recovery.”

The reconciliation bill should be driven by “what we need and can afford” and not to “reengineer the social and economic fabric of this nation or vengefully tax for the sake of wishful spending,” he added.

The senator concluded by explaining what would drive his decision in the next day’s negotiations.

“If there is one final lesson that will continue to guide me in this difficult debate ahead it is this: America is a great nation but great nations throughout history have been weakened by careless spending and bad policies,” he said. “Now, more than ever, we must work together to avoid these fatal mistakes so that we may fulfill our greatest responsibility as elected leaders and pass on a better America to the next generation.”

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