The sticking points include the fate the child tax credit, a Democratic priority that Manchin hopes to strip from the bill in full, sources said.
The gaps between the two sides remain immense, with Biden seeking to safeguard his economic agenda from significant cuts while Manchin continues to insist on steep spending reductions, according to three people familiar with the matter who requested anonymity to describe the sensitive negotiations. The sticking points include the fate of the expanded, one of the sources said, a Democratic priority that Manchin hopes to defund or limit considerably in the bill.
Under the current proposal, party lawmakers have proposed extending a federal program that pays out monthly aid to roughly 35 million families with young children. Once a smaller, yearly benefit, Democrats broadly have touted the expansion as a critical endeavor toward combating child poverty, helping low-income Americans afford expenses including education and food.
Over the past 10 months, Sen. Joe Manchin III has changed his top line spending number for President Biden’s agenda more than half a dozen times. The plussed-up payments are set to expire at the end of this year unless lawmakers reauthorize it as part of their broader package, known as the Build Back Better Act. This has prompted Democrats across the Capitol this week to call for swift action to prevent a lapse in benefits starting in January. But their urgent requests do not appear to have budged Manchin, who previously has expressed general skepticism about approving aid that sends more checks directly to Americans.
A longtime holdout on the package, Manchin for months has maintained concerns that Democrats are spending too much, and too quickly, potentially compounding the risks of inflation at a time when prices are rising at a rapid clip. He successfully negotiated down the party’s original package from its initial $3.5 trillion price tag earlier this year, frustrating liberal lawmakers.
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