It’s Not Dead Yet

On Sunday, Breitbart reported that the White House and Senator Joe Manchin have resumed discussions of the “Build Back Better” Bill (also known as the Build Back Broke Bill).

The article reports:

According to Axios, sources confirmed that the senator has reportedly engaged with the White House “on the climate and child care provisions” in the president’s signature piece of legislation “if the White House removes the enhanced child tax credit from the $1.75 trillion package — or dramatically lowers the income caps for eligible families.”

The article concludes:

“The fight for Build Back Better is too important to give up,” press secretary Jen Psaki said. “We will find a way to move forward next year.”

Senate Democrats have reportedly doubled their efforts to get Manchin on board with the bill, believing its passage will improve their chances in the 2022 midterm elections.

“The Senate Democratic Caucus sees salvaging the $1.75 trillion Build Back Better package as key to boosting the party’s chances in this fall’s midterms, especially as President Biden’s popularity sags in the polls,” said Axios in a separate report.

One senior Senate Democrat aide said the holidays likely cooled everyone off, allowing for more negotiations to proceed.

Senator Manchin has claimed that his objection to the bill is that it will fuel inflation (which it will). The article noted that last months inflation reading from the Bureau of Labor Statistics was 6.8 for the year. The next Consumer Price Index will come out on January 12.

According to the CPI Inflation Calculator:

Elections matter.