Manchin dampens progressive hopes for billionaires tax

Democratic hopes of including a new tax on the super-wealthy to help pay for their social spending package were fading on Wednesday as centrist Sen. Joe Manchin (D-W.Va.) said he was uncomfortable with the idea.

Democrats already faced a divide between Senate and House lawmakers on how to move forward, with key members in the lower chamber seemingly caught off guard by this week’s rush toward a billionaires tax in the Senate.

Sen. Joe Manchin (D-W.Va.) on Wednesday said he doesn’t like the idea of targeting only the 700 wealthiest Americans to pay for a big chunk of the Democrats’ spending package, raising doubts over a newly proposed tax on billionaires.

“I don’t like it. I don’t like the connotation that we’re targeting different people,” Manchin told reporters.