(Bloomberg) -- Three Senate Democrats, including key moderate Joe Manchin, expressed support for the Biden administration’s proposal to end a long-standing tax break beloved by Wall Street.Senators Tammy Baldwin of Wisconsin and Sherrod Brown of Ohio joined with West Virginia’s Manchin to introduce legislation that would end the carried interest tax breaks used by private equity money managers and others to lower their tax bills.
But what if the must-pass bill can’t pass?Four obstacles to the For the People Act’s chances of passing So there’s really only one even remotely plausible way the For the People Act can become law: All 50 Democratic senators, including Manchin, have to be united in support of not only the bill itself (meaning either the bill has to change or the holdouts have to cave) but also of a Senate rules change that would allow the bill to pass with a simple majority and escape a filibuster.
Joe Manchin says he won't support extending the $300 federal weekly unemployment benefit from Biden's stimulus
Manchin says he won't vote to extend the $300 federal jobless benefit when it expires in September."We need people back to work," West Virginia's Democrat senator told Politico.There's some division among Democrats on whether the Biden stimulus measure should be renewed.
A group of Senate Democrats on Wednesday introduced legislation to end the carried-interest tax break that benefits investment managers after President Biden also called for scrapping the tax preference as part of his human infrastructure plan.The tax break for carried interest allows investment managers to pay taxes on certain compensation income at capital gains rates, rather than ordinary income rates.
Biden viewed Manchin and Carper meetings as productive as White House gears up for critical infrastructure week
Biden hosted Sen. Joe Manchin of West Virginia for nearly an hour and Sen. Tom Carper, who hails from Biden's native Delaware, for even longer in conversations designed to both take the temperature of two key committee chairmen and discuss paths forward on his top agenda item.
President Biden sat down with Sen. Joe Manchin (D-W.Va.) on Monday to discuss the administration's proposed $4 trillion spending package, which the moderate-minded lawmaker has floated busting up.Manchin said Biden didn't take a position on if the proposal should be passed as one piece as opposed to two or more as some Democrats are pushing for, but indicated the issue came up as part of their sit-down at the White House.
Sen. Joe Manchin (D-W.Va.) is headed for a high-profile battle with the Senate's leading progressives over whether to expand Medicare eligibility as part of President Biden's human-focused infrastructure agenda.Sen. Elizabeth Warren (D-Mass.)on Thursday said she wants to lower the eligibility age, a priority shared by Sen. Bernie Sanders (I-Vt.), as part of Biden's $1.8 trillion American Families Plan.
President Joe Biden says he wants to see a corporate tax rate "between 25 and 28" percent.The 25% rate was the most concrete outline Biden has offered so far as a potential compromise he would make to fund his major infrastructure bill.The 25% rate has already been endorsed by West Virginia's Democratic Sen. Joe Manchin, whose vote Democrats will need if the infrastructure bill is to have any chance of becoming law.
The CNN host then asked Manchin about his opposition to eliminating or weakening the filibuster."I'm just saying, senator, right now, you have infrastructure, you have needs for families, you have a lot of gross deficits that you're dealing with," Cuomo said.
West Virgina Sen. Joe Manchin said he wanted to "stay and fight" during the deadly Capitol riot."My intention was to stay and fight: 'Let 'em in.Let's go at it,'" he told USA Today.He and other trapped lawmakers were eventually removed from the building by police officers.
As Democrats kick off a debate over voting rights, Schumer said, "Failure is not an option."But the path forward is murky at best.Senate Democrats made a major commitment to muscle through Speaker Nancy Pelosi’s ethics and voting reform bill.Yet many say they have no idea how to pass it and wonder what exactly the end game is for a signature Democratic priority.
West Virginia Sen. Joe Manchin (D) revealed in a new interview that he wanted to "stay and fight" during the Capitol riot on Jan. 6 before the situation escalated and he was ushered away by law enforcement officials."My intention was to stay and fight: 'Let 'em in.
Sanders knocks James Carville: 'I don't think he's terribly relevant to what happens in Congress right now'
Sen. Bernie Sanders (I-Vt.) rebuked James Carville on Sunday after the Democratic strategist suggested that the party can't pass any progressive legislation that Sen. Joe Manchin (D-W.Va.) does not support due to its tenuous Senate majority.In an interview with NBC's "Meet the Press," Sanders knocked the political consultant, who is best known for his work on former President Clinton's campaign, telling host Chuck Todd that Carville was not "terribly relevant to what happens in Congress right now."
Manchin says that the process for DC statehood should be done through a constitutional amendment."If you go down that path ... you know it's going to go to the Supreme Court," he said.With intense GOP opposition, Manchin's position severely imperils the legislation's passage.
Democratic Senator Joe Manchin said Friday he does not support a bill to make Washington, D.C. the 51st state, likely dooming the measure's chances in the Senate.Manchin argued that D.C. statehood should be addressed with a constitutional amendment."If Congress wants to make D.C. a state, it should propose a constitutional amendment," Manchin said in an interview with the West Virginia MetroNews radio network.
The campaign to add Washington, DC as the 51st state always faced low odds in the Senate, but now the bill has its first Democratic detractor — Sen. Joe Manchin of West Virginia.“If Congress wants to make DC a state, it should propose a constitutional amendment,” Manchin said.
Most powerful man you've never heard of: Meet the boat-dwelling, gun-toting Democrat with the future of America in his hands
Joe Manchin is the most conservative Democrat in the US Senate - and holds the keys to Joe Biden's massive spending plans The fate of Joe Biden’s massive spending plans, and the future of America, may be decided on an innocuous looking houseboat several miles away from the US Capitol.