Manchin on Claim Reconciliation Bill Will Hurt GDP, Labor Income: A Different Group's Analysis Is Wrong and 'a Lot of This Is Being Skewed'

Manchin on Claim Reconciliation Bill Will Hurt GDP, Labor Income: A Different Group’s Analysis Is Wrong and ‘a Lot of This Is Being Skewed’


On Tuesday’s broadcast of CNBC’s “Closing Bell,” Sen. Joe Manchin (D-WV) reacted to claims by the National Association of Manufacturers that the taxes in the reconciliation bill will hurt the manufacturing sector and reduce GDP and labor income by stating that the Joint Committee on Taxation’s claims that the bill would raise taxes on people making $200,000 aren’t true, the JCT analysis was done only by the Republican side of the Committee, and “a lot of this is being skewed right now.”

Manchin stated that “all we’re saying is, companies who aren’t paying or are paying very [little], if any at all, and there [are] 55 of the largest corporations, this only affects, Sara, companies that have a billion dollars of revenue or greater annually

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