Joe Manchin III in 2020 WV Senate race

On Budget & Economy: We're not spending money, we're investing

SEN. JOE MANCHIN (D-WV): This is an inflation reduction act, we're investing, we're not spending money, we're investing. We've taken a $3.5 trillion aspirational bill that I never could come to an agreement on any way shape or form, but I tried, couldn't get there. And we've taken $3.5 trillion of spending down to $400 billion of investing without raising any taxes whatsoever. We've closed some loopholes, didn't raise any taxes.

SEN. BILL CASSIDY (R-LA): Much of what he says is just not true. For example, they are raising taxes. According to the Joint Committee of Taxation, taxes will be raised almost $17 billion in the first year on those who are making less than $200,000, and the percent of taxes raised for individuals increases over time for the middle class and the lower income. They're raising taxes on people who make less than $10,000, according to the Joint Committee on Taxation.

Source: ABC This Week on 2020 West Virginia Senate race Jul 31, 2022

The above quotations are from 2020 West Virginia Senatorial race: debates and news coverage. Click here for other excerpts from 2020 West Virginia Senatorial race: debates and news coverage. Click here for other excerpts by Joe Manchin III. Click here for a profile of Joe Manchin III.
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