"The medical device tax will be delayed for two years. That will give medical device companies two years to transition into Obamacare."
That 2.3 percent tax, which the government started collecting in January, is assessed on medical, surgical, dental and pharmaceutical products used by hospitals to treat patients.
Critics of the medical device tax argue that it hurts an industry that creates more than 100,000 jobs nationally.
Legislation proposed by his 12-member bipartisan committee, Manchin said, also "includes income verification [requirements] to prevent fraud. It insures that only eligible individuals can claim their benefits" under the Affordable Care Act.
"Some people don't want anything to happen. They want things to stop and shut down," Manchin said.
Manchin believes an agreement will be reached.
"We could be out of here [Tuesday], if they get an agreement tonight. I think the agreement will come on Thursday morning."
If that happens, Manchin said, then "we would not default and hit the debt ceiling. ... The 12 of us hung together and worked with each other's concerns. I think cooler heads have prevailed. But it is not over until it is over."
Manchin voted for the Democrats' Senate budget.
"I voted for it, even though I didn't agree with [all of] it, so we can get it going into a [Senate-House] conference. But Republicans did not want it to go into a conference. Now there is a chance."
Manchin added, "I assume the tea party will be opposed to it. Their main goal is to shut down Obamacare. We should not put millions of people in harm's way.
"This is not the place where you should start fooling with the finances of our country because of your personal agenda."
A few days ago, Manchin went to a meeting with the International Monetary Fund.
"There were international bankers around the world. They had great concerns and said, 'We look to America. We look to the American financial market.'
"They are looking to us to pull them out. We are still the beacon of hope. We have to start acting like the world leaders that we are."Reach Paul J. Nyden at pjny...@wvgazette.com or 304-348-5164.