Author Topic: Green New Deal Democrats change tune on Joe Manchin after $433 billion climate, inflation bill  (Read 285 times)

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July 28, 2022 1:28pm EDT
Green New Deal Democrats change tune on Joe Manchin after $433 billion climate, inflation bill
Sen. Manchin torpedoed Biden's Build Back Better agenda last year, prompting criticism from progressive Democrats
By Thomas Phippen | Fox News

    Sen. Joe Manchin, who for months took heat from progressive Democrats for tanking the Build Back Better agenda, is now being praised by Democrats who demand expansive climate change legislation.

Manchin announced an agreement Wednesday on a reconciliation package that makes large investments in green energy production and health care while raising funds through additional corporate taxes and stricter IRS enforcement. According to Manchin and Senate Majority Leader Sen. Chuck Schumer, D-N.Y., the Inflation Reduction Act would raise $739 billion, investing $433 billion in climate initiatives — claiming it will reduce carbon pollution roughly 40% by 2030 — and prescription drug programs while also reducing the deficit.

After spending months blasting Manchin for holding the Build Back Better agenda and climate action hostage, many left-wing Democrats have praised Manchin's bill as the largest climate initiative ever.

Rep. Ilhan Omar, D-Minn., a member of "the Squad" who said in June that Manchin should not be allowed to chair the Senate Energy Committee, tweeted Schumer's announcement of the deal with a simple approbation: "Love to see it.

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https://www.foxnews.com/politics/green-new-deal-democrats-change-tune-joe-manchin-after-433-billion-climate-inflation-bill
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Offline Killer Clouds

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So now Manchin is a hero again in the eyes of the Democrat Communist Party.

Offline IsailedawayfromFR

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But maybe West Virginia is sending him a not-too-subtle message?

We desperately need repeal of the 17th Amendment

West Virginia won't work with major banks that pledged to fight climate change
West Virginia said Thursday that it would no longer do business with five financial institutions over their pledges to fight climate change by reducing financing for fossil fuel projects.

Why it matters: It's the first time a state has severed financial ties with major financial institutions over their policies to reduce the emissions of planet-warming greenhouse gases, the New York Times reports.

The decision, announced by West Virginia Treasurer Riley Moore, will prevent BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo from receiving state banking contracts from Moore's office.
What they're saying: "As state treasurer, I have a duty to act in the best interest of our state and its people," Moore said in a video uploaded to social media.

"Any financial institution that has broad, sweeping policies that will harm our economy, tax base and energy jobs has a clear conflict of interest in handling our tax dollars," he added. "If a financial institution does not want to do business with our people, I don't think we should give them our business either."
“I simply cannot stand by and allow financial institutions working against West Virginia’s critical industries to profit off the very funds their policies attempt to diminish," he said in a statement.
The big picture: Moore was given the authority to add financial institutions to a "Restricted Financial Institution List" and bar them from doing business with the state by a law passed by the West Virginia legislature last year.
https://www.axios.com/2022/07/28/west-virginia-banks-climate-change-coal
« Last Edit: July 28, 2022, 10:41:07 pm by IsailedawayfromFR »
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