Munchkin is extremely conflicted and although he may have begrudgingly kept this excise tax which existed before him from being wiped out by his donors pressures, munchkin has profited tremendously from his ownership of all things coal and pac's. Interestingly by munchkin stopping the bbb, that excise tax was cut in half and puts money back into the coal companies pockets thus munchkins as well. I don't think that was a coincidence.
I did read where munchkin was altering a lot of the energy controls bbb was trying to do.
But Mr. Manchin has also long been allied with the coal industry. His own family has profited from waste coal from abandoned mines, which the Manchins sell to a polluting power plant in his home state. And Mr. Manchin has received more campaign donations from the oil, coal and gas industries than any other senator in the current election cycle.
For much of last year, miners and mine owners were in sync on their skepticism of the Democrats’ far-reaching social policy and climate change plan, fearing measures to hasten the economic transition from fossil fuels like coal and natural gas to renewable sources like wind and solar.
But in the bill, Democrats included provisions dear to the unions of West Virginia, which have been watching employment in the coal industry diminish for years.
Most pressing was an extension through 2025 of an excise tax paid by coal mine operators and protected for years by Mr. Manchin. The levy finances a trust fund that pays about 30,000 miners coping with black lung disease and their beneficiaries a little under $700 a month. Because Build Back Better did not pass last year, the tax was cut in half as of Jan. 1, pushing the struggling fund further into debt.
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