"Well, deficit reduction by raising taxes is off the table, so we will find some other way to reduce the deficit"

https://twitter.com/JStein_WaPo/status/1492147773650657285

  • inshallah2 [none/use name]
    ·
    3 years ago

    Hey, haters, ~$900 billion is only an ~85% cut from $6T - it's a win!

    Matty gave himself a shout out.

    Well now I have unpaywalled the column in question so the whole senate can read it.

    archive.today • Manchin inflation push prompts White House to consider deficit reduction - The Washington Post

    The precise ideas on the table are not clear, and the people familiar with the discussions cautioned they are preliminary and that no written plan has emerged. White House officials have circulated internally a column by the liberal commentator Matt Yglesias suggesting the party could approve $500 billion in climate programs and $400 billion in health-care initiatives — and still unify behind enough tax hikes that the legislation would curb the deficit over 10 years by $800 billion. That kind of bill would probably exclude Biden’s expanded child tax credit, a key priority for fighting childhood poverty, but many Democrats believe it would be better than the current alternative of passing nothing. The people spoke on the condition of anonymity to reflect administration conversations.

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