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nonniey · 12-20-2021, 02:43 PM

Well to be fair to Manchin it was the White House that were playing games on the cost of the bill. The CBO said it wasn't paid for and the White House response was to shorten the time of the programs to 3 years while stating next 10 years of a tax increase (that they would have to extend after 3 years) would pay for them. Manchin knew that Dems would have to be in power to extend the taxes and if they were they'd also extend the programs - ie it wasn't going to be payed for. To clarify a Republican controlled Congress = no tax extension which means increased debt. A Dem controlled congress = Tax extension which pays for 1st three years but then also means extension of programs as well which means increased debt.

12-20-2021, 02:43 PM	#1776
nonniey The Starter Join Date: Sep 2011 Location: AZ Posts: 1,812	Re: Fresh Start Political Thread Well to be fair to Manchin it was the White House that were playing games on the cost of the bill. The CBO said it wasn't paid for and the White House response was to shorten the time of the programs to 3 years while stating next 10 years of a tax increase (that they would have to extend after 3 years) would pay for them. Manchin knew that Dems would have to be in power to extend the taxes and if they were they'd also extend the programs - ie it wasn't going to be payed for. To clarify a Republican controlled Congress = no tax extension which means increased debt. A Dem controlled congress = Tax extension which pays for 1st three years but then also means extension of programs as well which means increased debt.