Manchin and Schumer Reach Historic Climate

Sen. Joe Manchin, D-W.Va., surprised everyone by changing his mind about a broad bill that can’t be blocked by a filibuster. 

The agreement was announced by Manchin and Senate Majority Leader Chuck Schumer, D-N.Y., in a joint statement. 

Schumer and Manchin said in a statement, “The Inflation Reduction Act of 2022 will make a historic down payment...

Also, President Biden and Speaker Pelosi have agreed to work with us to pass a bill to reform the way permits...

The two Democrats said that the text of the deal will be sent to the Senate Parliamentarian on Wednesday night...

The legislation still needs the support of all 50 Democratic senators to become law, without hope of winning GOP support.

But Manchin, who represents a deeply conservative state, has been the biggest holdout to a major bill . 

A one-page summary of the bill says that a 15% corporate minimum tax, savings on prescription drugs, more I.R.S.

The bill will also spend $369 billion on energy security and climate change and $64 billion on the Affordable Care Act. 

In a statement of his own, Manchin pushed back against claims that he lied to Democrats or didn’t support things...