WASHINGTON—Sen. Joe Manchin (D., W.Va.) defended the tax increases in the Democrats’ climate and prescription-drug plan and argued that the bill would fight inflation, as the party tries to quickly move the package he negotiated before the August recess.
“We should not increase taxes, and we did not increase taxes,” he said on NBC’s “Meet the Press,” characterizing a new 15% minimum tax on large, profitable corporations as “closing a loophole.” In a series of appearances on Sunday news shows, he also said he hoped Sen. Kyrsten Sinema (D., Ariz.) would support the bill despite a provision that would raise taxes on private-equity managers’ carried interest income that she has signaled she opposes.
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