In a surprising turnaround, West Virginia Sen. Joe Manchin announced that he has reached a sweeping agreement with Senate Majority Leader Chuck Schumer, D-N.Y.
Lowering energy costs, increasing cleaner production and reduceing carbon emissions by roughly 40% by 2030Lowring Affordable Care Act health care premiums for millions of AmericansMaking the ultra-wealthy "pay their fair share," but no new taxes on families making $400,000 or less and no new taxes on small businessesSo, what's in the Manchin-Schumer reconciliation deal?- $369B for "energy security and climate change"July 27,...
The lawmakers also said that they "reached agreement with President Biden and Speaker Pelosi to pass comprehensive permitting reform legislation before the end of this fiscal year." "I support a plan that will advance a realistic energy and climate policy that lowers prices today and strategically invests in the long game," Manchin said in Wednesday's announcement.
There was no immediate explanation why Manchin had suddenly agreed to the far broader package. In December, his resistance derailed a wide-ranging $3.5 trillion, 10-year social spending and climate change bill, known as the Build Back Better bill, that was President Joe Biden’s top domestic priority.
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