Sen. Joe Manchin (D-WV) “shot down President Biden’s new plan to raise $360 billion in revenue by imposing a 20 percent minimum tax on billionaires,” The Hill reports.
Manchin said he doesn’t support taxing unrealized gains: “You can’t tax something that’s not earned. Earned income is what we’re based on.”
But he added: “There’s other ways to do it. Everybody has to pay their fair share.”
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.