Joe Manchin told Fox News Sunday that he “cannot vote to continue with this piece of legislation”, in reference to Joe Biden’s $2 trillion social and environment bill, in what AP described as a “potentially fatal blow” to Biden’s main domestic initiative. What are Joe Manchin’s salary and net worth in 2021?
What is Joe Manchin’s salary as a US senator?
Joe Manchin III is a Democratic senator. He assumed office in 2010 – his current term ends on January 3, 2025.
As a member of the US senate (from West Virginia), Joe Manchin’s base salary is $174,000.
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Open Secrets, a research and government transparency group, lists information on senator Joe Manchin’s expenditures for each two-year political cycle going back to 2010.
Ballotpedia, meanwhile, has details of what salaries Joe Manchin’s staff received collectively – in the Fiscal Year 2011. While it may now be dated, it shows that Joe Manchin’s staff received the second least combined salary among all Democratic congressional staffs.
It doesn’t, however, include the number of staff the combined salary was split between.
What about his net worth?
CNW also claims that Joe Manchin’s salary is $700K per year. As the founder of a coal brokerage firm, his “non-public shares of the company”, reads its profile of the senior senator, “are responsible for roughly 30% of his net worth”.
He apparently received $5.2 million worth of Enersystems dividends between 2011 and 2020, which likely accounts for the inflated salary figure.
Why is Joe Manchin in the news at the moment?
AP News reported two days ago that Manchin was intending on backing Joe Biden’s $2 trillion social and environment bill.
The refusal represents a “potentially fatal blow” to what amounts to Biden’s flagship domestic initiative.
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Nicknamed Build Back Better, the entire bill runs over 2,135 pages. It includes numerous measures that relate to early education, childcare, healthcare and child tax credits, and more.
For a step-by-step breakdown of what Joe Biden’s Build Back Better bill actually includes, read AP News’ guide here.