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Joe Manchin III on Budget & Economy

Democratic Jr Senator; previously Governor

 


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

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 2022 West Virginia Senate race , Jul 31, 2022

Constitutional amendment requiring balanced budget

Both backed a constitutional amendment requiring the federal budget to be balanced, and both echoed the Republican Party's position of wanting all of the tax cuts passed in 2001 and 2003 extended. (Neither offered details on how they would balance the budget.)
Source: Washington Post coverage of 2010 W.V. Senate debate , Oct 18, 2010

Balanced budget amendment except in national emergency

As for stimulating the economy and getting back to work, both candidates favored a free-market approached as opposed to government taking a leading role in job creation. Raese was critical of the economic stimulus package passed by Congress, comparing it to the New Deal of the Great Depression.

Both men called for a balanced budget amendment that would require Congress to balance the nation's books every year and not run up debt.

Neither candidate provided details about how they propose balancing a multi-trillion-dollar budget, but Raese said he favors giving presidents line-item veto power--something that Byrd staunchly opposed. Manchin said the only time the amendment should be suspended was during war or a national emergency.

Source: State Journal coverage of 2010 W.V. Senate debate , Oct 7, 2010

CAREFULLY plan stimulus: in planning mode; not panic mode

We have CAREFULLY planned our stimulus spending--reaching the most West Virginians we can with the money we have been provided. West Virginia is a top state for putting stimulus dollars to work on our highways and for building water and sewer lines.

Ou

Source: West Virginia 2010 State of the State Address , Jan 13, 2010

CC:No Balanced Budget Constitutional Amendment.

Manchin opposes the CC survey question on Balanced Budget Amendment

The Christian Coalition Voter Guide inferred whether candidates agree or disagree with the statement, 'Passage of a Balanced Budget Amendment to the U.S. Constitution' Christian Coalition's self-description: "Christian Voter Guide is a clearing-house for traditional, pro-family voter guides. We do not create voter guides, nor do we interview or endorse candidates."

Source: Christian Coalition Survey 18CC-20 on Jul 1, 2018

Voted YES on $900 billion COVID relief package.

Manchin voted YEA Consolidated Appropriations Act (COVID Relief bill)

NPR summary of HR133:

Argument in opposition: Rep. Alex Mooney (R-WV-2) said after voting against H.R. 133: `Congress voted to spend another $2.3 trillion [$900 billion for COVID relief], which will grow our national debt to about $29 trillion. The federal government will again have to borrow money from nations like China. This massive debt is being passed on to our children and grandchildren. With multiple vaccines on the way thanks to President Trump and Operation Warp Speed, we do not need to pile on so much additional debt. Now is the time to safely reopen our schools and our economy. HR133 was another 5593-page bill put together behind closed doors and released moments prior to the vote.`

Legislative outcome: Passed House 327-85-18, Roll #250, on Dec. 21. 2020; Passed Senate 92-6-2, Roll #289, on Dec. 21; signed by President Trump on Dec 27 [after asking for an increase from $600 to $2,000 per person, which was introduced as a separate vote].

Source: Congressional vote 20-HR133 on Jan 15, 2020

$1.9 trillion ARPA bill for COVID relief.

Manchin voted YEA American Rescue Plan Act

This bill provides additional relief to address the continued impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses:

Rep. Kevin McCarthy in OPPOSITION (3/11/21): The so-called American Rescue Plan imposed a $1.9 trillion new burden on American families. Despite being branded as `COVID relief,` only 9% of funds in this bill actually goes to defeating the virus, and almost half of the money, including more than 95% of the education funds, will not be spent until 2022 or later. After a year of struggle and sacrifice, students and parents get no answer to the vital question of when they can expect schools to reopen full time. President Biden wants Americans to believe `help is on the way.` But under this bill, it isn`t; waste is.

Biden Administration in SUPPORT (2/26/21): ARPA provides the tools and support critical to tackle the urgent public health and economic crises the Nation faces as a result of COVID-19. The bill also provides eligible Americans with a $1,400 payment in addition to the $600 payment provided in December of 2020. The bill also extends key emergency unemployment benefits, and raises the minimum wage to $15 per hour.

Legislative Outcome: Passed House 219-212-1 on 2/27/21; passed Senate 50-49-1 on 3/6/21; signed by President on 3/11/21.

Source: Congressional vote 21-HR1319 on Feb 27, 2021

Other candidates on Budget & Economy: Joe Manchin III on other issues:
WV Gubernatorial:
JB McCuskey
Jim Justice
Mac Warner
Moore Capito
Patrick Morrisey
Steve Williams
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Alex Mooney
Don Blankenship
Glenn Elliott
Jim Justice
Paula Jean Swearengin
Richard Ojeda
Shelley Moore Capito

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