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CEO North America > News > Biden Bill on Hold as Manchin Retracts

Biden Bill on Hold as Manchin Retracts

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West Virginia Senator Joe Manchin said he would not vote for President Joe Biden’s signature Build Back Better act. The $1.9 trillion bill has passed the House of Representatives and requires the vote of Democrat Senator Manchin to pass an evenly divided Senate. 

“My Democratic colleagues in Washington are determined to dramatically reshape our society in a way that leaves our country even more vulnerable to the threats we face,” Manchin told Fox News in an interview. “I cannot take that risk with a staggering debt of more than $29tn and inflation taxes that are real and harmful to every hard-working American at the gasoline pumps, grocery stores and utility bills with no end in sight.”

The bill proposes major investments in care for children and the elderly, climate change mitigation and adaptation, health care and fortifying the middle class through investment in affordable housing and education.

These benefits would be paid for by raising taxes on corporations and the wealthiest Americans.

Manchin is a senator from West Virginia’s coal country with million dollar holdings related to the coal industry through his family coal business, Enersystems.

By Staff

Tags: Biden BillManchin Retracts

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