Manchin Says Reconciliation Bill Must Combat Inflation

Sen. Joe Manchin (D-WV) met with Senate Majority Leader Chuck Schumer to talk about a reconciliation bill that could combat inflation, The Hill reports.

Manchin told reporters that he supports a corporate tax rate of 25% and a capital gains tax of 28%.

NBC News: “There’s a first-mover problem here. Manchin has his red lines but he’s not going to drive this effort and seems unlikely to lose sleep if a party-line bill never revives. White House and Chuck Schumer don’t want to get burned again.”

Even if Manchin backs rolling back the Trump tax cuts, the Democrats would still need to convince Sen. Kyrsten Sinema (D-AZ), who has said she would not support raising corporate taxes.