Senator Joe Manchin announced Wednesday that he reached an agreement with Senate Majority Leader Chuck Schumer, who eluded them for months – on health spending, energy and climate issues.
package will be paid for by closing tax loopholes on rich people and big corporations, Schumer and Manchin said in announce the deal.
Health care, taxes and energy package must be considered by a member of the Senate in order to pass through budget the process of reconciliation allows Democrats approve measure with fifty votes. Schumer and Manchin said in a joint statement that “the revised legislative text will be presented to the parliamentarian.” for review this evening and full The Senate will consider it next a week.”
This was stated by President Joe Biden. in Wednesday’s announcement that he has spoken to Manchin and Schumer and is in favor of the deal.
“If this law is passed, it will become historic, and I call on the Senate move on this bill as soon as possible and for home for follow also,” Mr. Biden said.
Manchin, a West Virginia Democrat whose resistance has long thwarted sweeping legislation. on these questions suddenly showed agreement in press release followed by a joint release with Sumer.
announcement from Manchin came hours after the Senateinvestment subsidies bill in domestic production of semiconductor microcircuits. Senate Minority Leader Mitch McConnell has threatened to block the semiconductor bill if Democrats continue to pursue it. partyconciliation legislation.
“From here forward discussion over a future conciliation bill or any target legislation should be focused on supporting everyday hardworking americans that we were elected serve,” Manchin said. in statement. “I support Inflation Reduction Act of 2022 because it provides responsible path forward which is laser focused on solution of the main economic, energy and climate problems of our country. problems. Question for my colleagues are they ready to make their choices politics aside and adopt a common sense approach, which the vast majority of American people support and will best serve future of this nation.”
According to one- page description of legislation from Schumer and Manchin, the bill would invest $369 billion in energy security and climate change and expand the Affordable Care Act program for three years. In addition, the law will provide Medicare ability negotiate the price of prescription drugs.
Senator Elizabeth Warren on Wednesday marked the end of deal.
” good news that’s what it is Senator Manchin, who announces a deal, not that they are close to a deal or that there are parts of the deal,” she said.
House of Progressives also seemed optimistic tweet“Well need to rate the details but it promises a deal for shipping on these problems may finally be in achieve.”
Republicans immediately criticized the Manchin agreement. Senator John Cornyn of Texas called it “a new build of Manchin’s Back Broken Bill”.
Senate Democrats May Change Name of Build Back broke so much times how they want it won’t be any less devastating to American families and small businesses,” Kornin said. – Increasing taxes on work creators fragmentation of energy producers with new regulations and stifles innovators seeking for new drugs will only exacerbate this recession, not improve it.”
— Jack Thurman and Nicole Killion of CBS News contributed to this report.