Breaking: Manchin says he and Schumer have a deal that includes energy, taxes
Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday reached a deal on a bill that includes energy and tax policy, a turnaround after the two deadlocked earlier this month in talks on Democrats’ marquee party-line agenda.
The duo said their bill, dubbed “The Inflation Reduction Act of 2022,” would “fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030.” Moreover, as part of the agreement announced Wednesday, Schumer and Speaker Nancy Pelosi agreed to pass legislation governing energy permits.
The agreement mirrors roughly what Manchin first laid out earlier this year, albeit with a more limited tax title. Democrats will raise revenues for the legislation by imposing a 15 percent corporate minimum tax, increasing IRS enforcement, reducing drug prices and closing the so-called carried interest loophole.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joe Manchin says he has health, energy, tax deal with Chuck SchumerIn an unexpected turnabout, Sen. Joe Manchin has announced that he has reached an expansive agreement with Senate Majority Leader Chuck Schumer on health care costs, energy and climate issues, taxing higher earners and large corporations and reducing federal debt.
Read more »
Manchin says deal reached with Schumer on tax and climate billIn an unexpected turnabout, Sen. Joe Manchin has announced that he has reached an expansive agreement with Senate Majority Leader Chuck Schumer on health care costs, energy and climate issues, taxing higher earners and large corporations and reducing federal debt.
Read more »
Manchin, Schumer report abrupt deal on health, energy, taxesManchin, whose resistance had long derailed sweeping legislation on those issues, abruptly revealed the agreement in a press release.
Read more »
Joe Manchin Reaches Deal With Chuck Schumer on Energy, Healthcare PackageSenator Joe Manchin said he reached a deal with Majority Leader Chuck Schumer to vote on a package to lower energy and healthcare costs while narrowing the federal deficit
Read more »
Manchin strikes major deal with Schumer on climate, taxes and health careBREAKING: In an unexpected breakthrough, Sen. Joe Manchin announced he will support a bill that includes major investments to drive down drug prices as well as provisions to address climate change and taxes on the wealthy.
Read more »
Manchin backs Democratic economic bill that targets inflation, drug pricesAfter extensive negotiations, key Democratic Sen. Joe Manchin of West Virginia on Wednesday said he has reached a deal with Senate Majority Leader Chuck...
Read more »