Manchin Calls Out Biden Over First Veto – “This Administration Continues To Prioritize Their Radical Policy Agenda”
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Joe Biden issued his first veto on Monday.
He vetoed a bipartisan bill blocking a Biden administration rule allowing for certain retirement plans to weigh environmental, social and corporate governance factors rather than just the best rate of return.
President Joe Biden on Monday issued his first veto since taking office, rejecting a bipartisan measure that would nullify a new administration rule for retirement plans.
“I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country,” Biden said in a video posted on his Twitter account. “They couldn’t take into consideration investments that would be impacted by climate, impacted by overpaying executives and that’s why I decided to veto it.”
The veto comes after the Senate voted 50-46 on March 1 to pass a resolution blocking a Labor Department rule allowing for certain retirement plans to weigh environmental, social and corporate governance factors when selecting investments, instead of making decisions based solely on the best rate of return.
In the Senate vote, Democratic Sens. Joe Manchin of West Virginia and Jon Tester of Montana joined Republicans to pass the measure.
Democrat Senator Joe Manchin was having none of it.
He blasted Biden over the veto.
Sen. Joe Manchin (D-WV) slammed President Joe Biden for vetoing a bipartisan anti-ESG bill and prioritizing a “radical policy agenda” over getting the “best financial returns for millions of Americans’ retirement investments.”
“This Administration continues to prioritize their radical policy agenda over the economic, energy, and national security needs of our country, and it is absolutely infuriating,” stated Manchin, who is up for reelection this cycle.
Manchin was referring to Biden issuing his first veto on Monday to reject a bipartisan bill, H.R. 30, that would nullify his Labor Department rule allowing left-wing environmental, social, and governance (ESG) policies to be considered in retirement investing.
Why did Manchin ever trust Biden?
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