Given those constraints, centralized capture is at least a plausible option that doesn't involve starting big fights with entrenched interests in coal-reliant states. Is it more efficient or more likely to work than direct capture? No. It is, however, politically possible and worth exploring.
Go ahead and try to make a law that makes coal less profitable without Manchin's support.
If you have a problem with that, welcome to the club. Unfortunately, if you want to change the game to make it such that it's easier to do the right thing, you ALSO have to get Manchin's support. In fact, to do some things would require the other party's support as well, and their SOP is to kill anything you push for, and has been since 2012.
e.g. burn gas to generate electricity and capture CO2, or just use renewables.
burn gas to heat things, or just use renewables and heat pumps
Still good to capture unavoidable ones like methane from pre-existing coal mines, wells and landfills.
Capture elsewhere is a service. Possibly a public service.
The financial math is different.