“The US Senate’s arcane budget rules threaten Democrats’ plans to increase taxes on the wealthy and corporations and invest in climate programs before November’s midterm elections, even if they can win Joe Manchin’s support,” Bloomberg reports.
“Manchin, the key holdout vote who last week scuttled talks of a revived economic agenda, said he could support a broader tax and spending bill in September, if inflation cools. But there simply may not be time then for the grueling late-night votes and other procedures required to push the legislation through.”
New York Times: How Joe Manchin left a global tax deal in limbo.
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