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Biden Backtracks on Big Social Spending Plan as Rumors Swirl that Manchin Might Quit Dem Party

Biden Backtracks on Big Social Spending Plan as Rumors Swirl that Manchin Might Quit Dem Party Read Transcript


- [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.

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