"The West Virginia Democrat, a holdout on his party’s domestic agenda, said the package would reduce inflation, a concern he had cited in rejecting it just weeks ago."
"WASHINGTON — Senator Joe Manchin III of West Virginia, a key centrist Democrat, announced on Wednesday that he had agreed to include hundreds of billions of dollars for climate and energy programs and tax increases in a package to subsidize health care and lower the cost of prescription drugs, less than two weeks after abruptly upending hopes for such an agreement this summer.
The package would set aside $369 billion for climate and energy proposals, the most ambitious climate action ever taken by Congress, and raise an estimated $451 billion in new tax revenue over a decade, while cutting federal spending on prescription drugs by $288 billion, according to a summary circulated Wednesday evening.
The product of a deal announced by Mr. Manchin and Senator Chuck Schumer, Democrat of New York and the majority leader, it would reduce the federal deficit by about $300 billion, while seeking to push down the cost of health care, prescription medicines and electricity."
Emily Cochrane, Jim Tankersley, and Lisa Friedman report for the New York Times July 27, 2022.
SEE ALSO:
"Manchin Says He Has Reached Deal With Schumer On Economy, Climate Bill" (Washington Post)
"Manchin Deal Ties Clean Energy Projects to Oil Drilling" (Bloomberg)
"Manchin Announces Climate Deal" (E&E News)
"Greens Laud Manchin Climate Deal, But Concerns Remain" (E&E News)
"Manchin Revives Climate Deal: What’s In The $369B Bill" (E&E News)
"What’s In, And Out, Of Democrats’ Inflation-Fighting Package" (AP)
"Surprise Deal Would Be Most Ambitious Climate Action Undertaken by U.S." (New York Times)
"What’s in the Manchin-Schumer Deal on Taxes, Climate and Energy" (Bloomberg Environment)
"Manchin’s Agreement Paves Way for Permitting Changes in Fall" (Bloomberg)
Advertisement 
