Next Phase In US Economic And Political Crisis Begins

Months ago this writer predicted that Senator Manchin would never support Biden’s ‘Build Back Better’ Bill and was simply engaging in ‘bad faith bargaining’ to string the Democrats along. Manchin’s goal was to get the Democrat leadership–Biden, Pelosi, Durbin, Shumer et. al.–to reduce their proposals, which they conveniently did, on repeated occasions.

But Manchin’s real objective has always been to shit can the bill, in order to prevent the necessity of raising taxes on corporations and investors in order to pay for it. To borrow a phrase: “It’s the Tax Cuts, Stupid!”.

The taxes involved in the Build Back Better bill were just a small part of Trump’s $4.5 trillion 2018 tax cuts. The Build Back Better bill’s funding involved partially raising Trump’s corporate taxes.

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