Joe Manchin Agrees To Sweeping Legislation To Raise Taxes On Wealthy, Invest In Climate
2 years, 4 months ago

Joe Manchin Agrees To Sweeping Legislation To Raise Taxes On Wealthy, Invest In Climate

Huff Post  

LOADING ERROR LOADING Sen. Joe Manchin said Wednesday he’s reached a deal with Senate Majority Leader Chuck Schumer on a sweeping $740 billion package to increase taxes on the wealthy and invest in climate and health care while also reducing the deficit. “Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are paying, lower the cost of health insurance and prescription drugs, and ensure our country invests in the energy security and climate change solutions we need to remain a global superpower through innovation rather than elimination,” Manchin said in a lengthy statement. “We know we cannot meet our international climate commitments nor the president’s environmental justice commitments without significant federal clean energy investments.” Schumer briefed climate-focused members of the Democratic caucus on Wednesday night, and both Sens. “For too long, the reconciliation debate in Washington has been defined by how it can help advance Democrats’ political agenda called Build Back Better,” he said.

History of this topic

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