Democratic Sen. Joe Manchin of West Virginia has mostly been cagey about what he wants trimmed from President Joe Biden’s sweeping Build Back Better Act. One of just two Democrats holding up the bill in the Senate, he’s said he wants to shave $2 trillion off the reform package that could seal much of Biden’s policy legacy, yet he has offered little in the way of specifics.
But according to a recent Axios report, Manchin has finally at least made a broad gesture toward how Democrats might go about cuts: He said they must choose only one of three major policies in the bill intended to help families — the expanded child tax credit, paid family medical leave or subsidies for child care. The other two should be killed.
The subtext of Manchin’s demand is that America can’t remain America if people feel they have rights to services like child care.
This mandate is so broad that it doesn’t shed light on what Manchin believes constitutes good policy or bad policy. Instead, it points to his concerns that the overall package simply has too big a price tag, a grievance that lacks substance as an economic argument because it depends on what this bill actually does and how it’s financed. It also seems to dovetail with his recent criticism that America is at risk of becoming an “entitlement society” should it pass too much social spending meant to assist households economically. The subtext of his demand is that America can’t remain America if people feel they have rights to services like child care.
All of that is a shame. All these policies are not just worth demanding as rights, but they also make for smart economic policy.
Manchin has fixated on aggressively shrinking the top-line figure, as if there’s something inherently menacing to the economy about passing a $3.5 trillion bill. But to describe it as self-indulgence is odd: The bill would involve spending just 1.2 percent of our projected national income over the next 10 years on a range of social policies that would help reduce the size of the many holes in our social safety net, and much of it would be financed through taxes on corporations and the rich. In turn, that would allow for more participation in the workforce and increased economic productivity.
As a number of Nobel Prize-winning economists, including former chief economist for the World Bank Joseph Stiglitz, have pointed out, concerns from Manchin and some centrists and conservatives that the package could cause unmanageable debt and inflation are not well-founded. It would do the opposite. “Because this agenda invests in long-term economic capacity and will enhance the ability of more Americans to participate productively in the economy, it will ease longer-term inflationary pressures,” they wrote in an open letter in September.
But beyond a visceral discomfort with a bill that costs multiple trillions of dollars, Manchin has advanced a values-based argument against some of the policies in the bill. Amidst a tense back-and-forth with Sen. Bernie Sanders, I-Vt., over the bill, Manchin this week said he thinks this bill could tilt the U.S. away from being “a compassionate, rewarding society” and toward becoming an “entitlement society.”








