Biden Backtracks on Big Social Spending Plan as Rumors Swirl that Manchin Might Quit Dem Party
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- [Heather] The president isscaling back his ambitions
with political realities in sight.
He has no democratic votes to spare
and there's pressure to reachan agreement by Halloween
and before the president heads to Scotland
for U.N. climate talks.
Wednesday, he returned to his birthplace
to sell his latest plan.
- This has been declared dead on arrival
from the moment I introduced it.
But I think we're gonna surprise them
because I think people arebeginning to figure out
what's at stake.
- [Heather] The new versionwill likely eliminate
a clean energy plan, a pathto permanent legal status
for some immigrants andplans for tuition-free
community college.
It's also likely to put adeadline on the child tax credit,
extending it for only a year.
Still in the mix, paid family leave,
childcare subsidies and 500billion for climate change.
The White House is alsoconsidering new ways
to pay for the proposal.
One idea is to drop increaseson corporate tax rates,
while adding a tax on capital gains.
- These bills are notabout left versus right
or about moderate versus progressive
or anything that pits oneAmerican against another.
These bills are aboutcompetitiveness versus complacency.
- [Heather] But Bidenstill faces opposition,
even within his own party,
from Arizona senator Kyrsten Sinema
and West Virginia senator Joe Manchin.
Wednesday, the magazineMother Jones reported
that Manchin is consideringleaving the party,
reports he forcefully denied.
- I can't control rumorsand it's bull (bleep).
Bull (bleep), spelledwith a B-U-L-L, capital B.
- [Heather] Manchin objectsto a quick transition
away from fossil fuels, butmore progressive democrats
want exactly that.
And especially beforethe president appears
at one of the most ambitiousclimate change meetings
in years.
- The Senate must puttogether a climate package
that is something that Joe Biden can say
to the rest of the worldthat we are the leaders
and not the laggers.
- [Heather] Before he leaves next week,
the president wants dems toagree to a package framework
and to pass the one trillion dollar
traditional infrastructure bill,
which strengthens roads,bridges and internet.
Heather Sells, CBN News.