… and Republicans barely have to lift a finger! Biden’s own party is working overtime to destroy his dreams of radical, unnecessary spending.
After many, many weeks of back-and-forth between different factions of the Democrat party, it’s become apparent that Biden’s hopes of taking on nearly $5 trillion more debt is slowly becoming obsolete.
Far-Left progressives have demanded trillions upon trillions for green policies, open borders, and every other ungodly initiative you can think of, while Sens. Manchin and Sinema are simply thinking twice before authorizing spending that could tank the U.S. economy.
On the other hand, Republicans are no where near agreeing to Biden’s price tag for the bill, though many believe a “true infrastructure” package (as Trump campaigned on) would do the country some good.
Democratic West Virginia Sen. Joe Manchin put the final nail in Biden’s coffin when he said the White House must include a work requirement and family income cap at $60,000 if Sleepy Joe wants the child tax credit expansion to pass. This tax credit expansion is Biden’s bread-and-butter; his main talking point about the virtues of this spending package. Without it, he’s got nothing.
Democrats are pushing to expand monthly child tax credits permanently as part of their spending package despite little public support.
In March, Biden signed the coronavirus relief package, expanding the payments beginning in July and lasting through July of 2022. Under the plan, families receive $300 monthly for each child under the age of six and $250 for a child between the age of six and 17.
A recent Politico/Morning Consult poll found 52% of those polled do not think the child tax credits should be extended.
Families with young children could receive up to $3,600 per year with the credits, but the expansion of the credit also extended the benefit to families without taxable income. The program, however, could cost $450 billion to extend over the next four years, according to analyst reports.
Manchin’s income cap and work requirements would significantly reduce the burden on American taxpayers, but there’s no telling by how much.
While appearing to be the party’s leading “moderate,” Manchin is merely upholding the values Democrats once fought for: that is, insisiting legislation be tailored to working class, low-income American taxpaying families with jobs. He’s one of the only remaining Democrats who have not sold out to the liberal corporate elite, as is now the case with party leaders.
Because of Trump, the Republican party is now largely seen as supporting working class issues. The Former President was often seen as hostile to leading CEOs – mostly in the tech space – who insist on burdening working class Americans with censorship and red tape.
Now, the Democrats have taken over as the party of corporate America.
Manchin and Democratic Arizona Kyrsten Sinema are the only two Democrats that have expressed opposition to Biden’s $3.5 trillion spending package, engaging in a months-long standoff with the party’s left wing members.
Author: Elizabeth Tierney