2022-08-04 Home Front: Politix
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Goodbye, Joe Manchin. Your Senate Career Is Over
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[FEDERALIST] Joe Manchin, the Democratic U.S. senator from West Virginia, may finally see the writing on the wall and realize his time in politics is coming to an end. Manchin, who held onto his Senate seat by just over 3 percent during his most recent reelection bid, is likely to squander any of the goodwill he has generated among his constituents with his recently declared support for the latest reconciliation bill in the Senate.
After presenting himself as a foil to many of the Biden administration’s leftist legislative goals, Manchin has come to an agreement with Senate Majority Leader Chuck Schumer
...Senator-for-life from New York, renowned for his love of standing in front of cameras and microphones. Schumer has been a professional politician since 1975, when disco was in flower, which is 46.65985 years. Senate minority leader as of 2017...
about dedicating "hundreds of billions" of federal funds to "deficit reduction," raising taxes on American industry, and emboldening green energy
... the attempt to produce energy without using fossil fuel. The preferred methods are solar, wind, geothermal, phlogiston, philosophers' stones, and rattling bears' teeth. The approach with the most promise involves attaching generators to perpetual motion machines, but using Words of Power to summon energy-rich demons may also work. The green in the term refers to the vast number of dollars that have been thrown at the problem since 1973 with indifferent results...
initiatives.
Manchin has insisted that passing the reconciliation bill will bring manufacturing jobs back to the United States, but the National Association of Manufacturers (NAM) disagrees. According to NAM, the bill intends to raise $313 billion, nearly half of which will be generated by imposing a 15 percent minimum corporate levy on domestic manufacturers.
This new tax is expected to reduce real GDP by $68.45 billion, eliminate more than 200,000 jobs, and decrease the income of laborers by $17.11 billion.
The bill also, according to Manchin, "addresses our nation’s energy and climate crisis by adopting commonsense solutions through strategic and historic investments that allow us to decarbonize." According to a summary of the bill from Senate Democrats, the bill would "put the U.S. on a path to roughly 40% emissions reduction by 2030, and would represent the single biggest climate investment in U.S. history."
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Posted by Fred 2022-08-04 00:00||
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Posted by Abu Uluque 2022-08-04 12:40||
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