Strategists, tax experts weigh implications of Manchin-backed bill on midterm elections
Fox News
The implications of the Manchin-Schumer bill to combat inflation could go in either direction for Democrats in the midterm elections as it is slated to raise billions in taxes.
Kyle Morris covers politics for Fox News. On Twitter: @RealKyleMorris.
While some strategists noted benefits that would stem from the passage of the measure, others insisted that new taxes amid an economic recession could move some Democratic voters to favor Republican candidates in the midterm elections. In contrast, others insisted that Democrats should campaign using the legislation in the days leading up to the midterm elections.
The nonpartisan Joint Committee on Taxation (JCT) revealed in an analysis last week that the Manchin bill, which would spend $433 billion on climate change initiatives, would increase taxes by billions of dollars, including on middle-class earners.
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