Manchin ‘led to the cleaners’ on climate deal and taxation

  • Sen. Pat Toomey on Sunday criticized the Democratic-led climate and fiscal plan backed by Joe Manchin.
  • “It really looks to me like Joe Manchin was taken to the cleaners,” the Republican said on CNN.
  • Democrats hailed the proposed climate investments as something long overdue.

GOP Sen. Pat Toomey on Sunday criticized the Democratic-led climate, health care and tax accord crafted by Sen. Joe Manchin of West Virginia and Senate Majority Leader Chuck Schumer of New York. York, saying he was “really surprised” to see the conservative senator from West Virginia accept the proposal.

During a CNN “State of the Union” interview, the incumbent two-term Pennsylvania lawmaker told co-anchor Jake Tapper he appreciates his relationship with Manchin, but said the draft law that should come from the agreement would be “a disaster.”

“I really like Joe Manchin — he and I have become friends over the years of serving together in the Senate,” Toomey said. “But it really looks to me like Joe Manchin was taken to the cleaners.”

He continued: “And what does Joe get for this? He gets the promise that someday in the future they’re going to pass some kind of energy infrastructure legislation. So it’s a disaster. It’s going to make it worse. inflation. It’s not going to do any good. I’m really surprised that Joe agreed to that.

Manchin has played a very important role in the 50-50 Senate since his vote can make everything sink or swim, from reconciliation legislation to judicial appointments, and he’s been a tough sell on many larger-than-many social spending proposals. Democrats sought to pass. ; his Support of the Cut Inflation Act of 2022 was a boon to party morale, as many had all but given up on enacting climate legislation ahead of the November midterms, when Republicans could potentially win back one or more both houses of Congress.

The bill would greenlight a three-year extension of subsidies for individuals to purchase health insurance through the Affordable Care Act, while providing nearly $370 billion for climate and energy programs and $300 billion to reduce the federal budget deficit. The bill would also generate about $739 billion in revenue over the next decade, helped in part by a minimum corporate tax of 15% for companies with net income over $1 billion.

Toomey argued in the interview that the legislation would undermine the 2017 tax reform package signed into law by then-President Donald Trump.

And Toomey said the bill would “do nothing” to tackle climate change despite the huge investments made in the proposal, pointing out that many other countries lack programs that would reduce overall emissions.

“What we need is a strong economy and the ability to find the innovation and technology that will allow us, on a large commercial scale, to extract carbon dioxide from the atmosphere,” he said. he declared. “But those gestures, they may feel good, they’re not going to accomplish it.”

Schumer and Manchin seek to pass the legislation in August.

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