Sen. Joe Manchin drew the ire of fellow Democrats on Nov. 1 by raining on President Joe Biden’s big government parade.
As Biden and leaders in Congress attempted to hammer out a deal on his so-called “human infrastructure” bill, Manchin’s vote was key to everything. Democrats have only 50 senators, and they need every one to support this legislation if it is to pass. So it was a moment of bitter disappointment when Manchin disparaged it, dashing all hopes that it would go through.
“As more of the real details outlined in the basic framework are released, what I see are shell games,” the West Virginian said. “Budget gimmicks that make the real cost of the so-called $1.75 trillion bill estimated to be almost twice that amount, if the full time is run out, if you extended it permanently. And that we haven’t even spoken about.”
This sent liberal Democrats through the roof, but if anything, Manchin was understating the case. Researchers at the University of Pennsylvania’s Wharton Business School published a simulated budget document that removes all of the gimmicks from this bill. It turns out that it ends up costing $4.1 trillion, more than twice the advertised price, over 10 years. Its tax increases come to $1.5 trillion. Not only is that considerably more expensive than advertised, but it’s also a lot farther from being paid for than anyone would have expected, let alone how Biden represents it.