Chuck Schumer is going to surrender in one fight that will leave Democrats red with rage
Democrats were geared up to pass the most radical agenda in American history.
But now liberals found out some bad news.
And Chuck Schumer is going to surrender in one fight that will leave Democrats red with rage.
Democrats are trying to unite around the specifics of a $1.75 trillion socialist spending bill that will impose the Green New Deal, raise trillions in taxes, and create new socialist welfare programs.
But on Thursday, government data showed prices for goods increased 6.28 percent from October 2020 to October 2021, the largest year-over-year jump in inflation since 1991.
That caused West Virginia Democrat Joe Manchin to slam the brakes on Biden’s socialist agenda and leak word to the left-wing gossip site Axios that Manchin would prefer to punt the socialist spending bill in 2022.
Why it matters: The data released Wednesday set the president and White House staff scrambling. Slowing down work on the massive tax-and-spending plan is against the fervent desire of the administration and House progressives.
With a limited number of legislative days left in the year, Manchin is content to focus on the issues that need to be addressed, Axios is told.
They include funding the government, raising the debt ceiling and passing the National Defense Authorization Act.
Manchin, like a group of House moderates, also wants to see a Congressional Budget Office analysis of the true cost of each of Biden’s proposed programs, as well as the tax proposals to fund them.
Democrats are using the reconciliation process to ram this bill through Congress.
That means all fifty Democrats in the Senate must stick together to push this socialist spending bill to Joe Biden’s desk.
Joe Manchin sending out word that he wants to hit the pause button on this legislation kills any chance of passing this bill in 2021.
And 2022 is an election year.
As Joe Biden’s poll numbers sink, Democrats will grow more skittish about their chances to hold on to their majorities.
Days ticking off the calendar and bringing the 2022 midterms closer also lessens the chances of passing the $1.75 trillion socialist spending bill.
Joe Manchin wanting to kick the can down the road until next year could be a death sentence for Joe Biden’s agenda.