Politico: Manchin Sets Out Stall On Reconciliation Package

Burgess Everett at Politico story from a few hours ago shows how difficult it will be to get progressive and moderate Dems on the same side regarding the reconciliation bill:

• "Manchin proposed a deal to Schumer this summer to limit the total cost of Democrats' sweeping spending bill to $1.5 trillion, per document. Both Schumer + Manchin signed, though Schumer said he's trying to "change Joe" on some of it. Manchin has shown doc to fellow Dems. There's a ton in here on tax rates, energy and spending "Senator Manchin does not guarantee that he will vote for the final reconciliation legislation if it exceeds the conditions outlined in this agreement," the paper reads in bold text.
• "Manchin proposes raising the corporate tax rate to 25%, the top tax rate on income to 39.6%, raising the capital gains tax rate to 28% and says that any revenue from the bill "exceeding" $1.5T will go to deficit reduction. Also asks Fed to stop quantitative easing program. Additionally, Manchin is calling for means testing on as many new programs as possible, "targeted spending caps on existing programs" and "no additional handouts or transfer programs."
• "Manchin also asks his committee have sole jurisdiction over any clean energy standard. "Leader Schumer never agreed to any of the conditions Sen. Manchin laid out; he merely acknowledged where Sen. Manchin was on the subject at the time," said a spokesman for Schumer "Sen. Manchin did not rule out voting for a reconciliation bill that exceeded the ideas he outlined, and Leader Schumer made clear that he would work to convince Sen. Manchin to support a final reconciliation bill — as he has doing been for weeks."
• Full document link: https://static.politico.com/1e/ef/159cabd547868585...