Let's talk about Joe Manchin and where he is at on the child tax credit.
There's a lot of confusion. And I think I can help here.
There's a lot of confusion. And I think I can help here.
Per a source familiar with his thinking:
- Manchin is concerned about the overall cost of the bill - and wants it to be under $1.75 trillion. (That's not new.)
- But here's the key: He's looking at that cost in terms of what if the programs are all extended for ten years.
2/
- Manchin is concerned about the overall cost of the bill - and wants it to be under $1.75 trillion. (That's not new.)
- But here's the key: He's looking at that cost in terms of what if the programs are all extended for ten years.
2/
Manchin more:
- So he's telling Biden that some big costs have to go, in order to get the bill under $1.75 trillion (assuming all programs extended ten years ultimately).
- CTC is one of the biggest so it's one option. But not only option.
3/
- So he's telling Biden that some big costs have to go, in order to get the bill under $1.75 trillion (assuming all programs extended ten years ultimately).
- CTC is one of the biggest so it's one option. But not only option.
3/
SUMMARY:
- The Manchin problem is a MASSIVE problem for Democrats if he sticks to using CBO's score ... if he sticks to looking at cost based on if everything is extended for ten years.
- The Dems' hope here is for a deal, some give and take.
4/
- The Manchin problem is a MASSIVE problem for Democrats if he sticks to using CBO's score ... if he sticks to looking at cost based on if everything is extended for ten years.
- The Dems' hope here is for a deal, some give and take.
4/
But at some point, Manchin's viewpoint and insistence on shrinking the bill is going to cause major, public disruption from the more left end and maybe even left-center of the party.
And that is also a problem.
And that is also a problem.
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