Manchin says deal reached with Schumer on tax and climate bill

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Manchin says deal reached with Schumer on tax and climate bill FOX13

FILE - Image shows Sen. Joe Manchin , Chairman of the Senate Energy and Natural Resources Committee and Senate Majority Leader Charles Schumer .In an unexpected turnabout, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin announced Wednesday they had reached an expansive agreement that had eluded them for months on health care, energy and climate issues, taxes on higher earners and corporations and trimming of the federal debt.

It would spend $369 billion on energy and climate initiatives and $64 billion to extend expiring federal subsidies for people buying health insurance. That would leave over $300 billion to reduce federal deficits over the decade. The announcement suddenly presented President Joe Biden and Democrats with the prospect of pushing a major achievement through Congress in the runup to November congressional elections in which Republicans have seemed strongly positioned to capture House control and possibly a majority of the Senate as well.

He said he was open to considering a broader compromise on environment and tax issues after Congress returned from a summer recess in September, an offer that many Democrats thought dubious.

Source: Energy Industry News (energyindustrynews.net)

 

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Other than prescription drugs, this is a joke! What a disappointment Manchin is!

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