Joe Manchin Won’t Back Dem Package On Climate Spending Or Tax Hikes For Wealthy And Corporations

The Washington Post reports:

Sen. Joe Manchin III (D-W.Va.) told Democratic leaders Thursday he would not support an economic package that contains new spending on climate change or new tax increases targeting wealthy individuals and corporations, marking a massive setback for party lawmakers who had hoped to advance a central element of their agenda before the midterm elections this fall.

The major shift in negotiations — confirmed by two people familiar with the matter who spoke on the condition of anonymity to describe the talks — threatened to upend the delicate process to adopt the party’s signature economic package seven months after Manchin scuttled the original, roughly $2 trillion Build Back Better Act, which President Biden had endorsed.

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Manchin tells Democrats he won’t support any new spending on climate initiatives or tax increases to finance economic plan https://t.co/K86KJR9bnR

— The Washington Post (@washingtonpost) July 15, 2022