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Sept. 30, 2021, 12:50 p.m. EDT

Manchin wants any revenue over $1.5 trillion from reconciliation bill to go to reducing deficit: report

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By Victor Reklaitis

Democratic Sen. Joe Manchin of West Virginia, who wants to his party's $3.5 trillion spending plan cut by more than half, has argued that any revenue from it that exceeds $1.5 trillion should go toward reducing the U.S. deficit, according to a Politico article on Thursday, citing a document that he reportedly has been distributing among colleagues. The document also spells out other stances taken by Manchin that previously have been reported, such as his proposal to raise the corporate tax rate to 25% and his view that the Federal Reserve should pull back on certain stimulus measures. Democrats need the support of Manchin in order to advance legislation through a process known as budget reconciliation because the Senate is split 50-50.

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