Has Manchin Finally Cut a Deal?

July 27, 2022

Manchin, according to reports, may have accepted a deal brokered by Chuck Schumer – coincidentally he just tested positive for Covid. Is that what it takes?

Washington Post:

Sen. Joe Manchin III (D-W.Va.) on Wednesday reached a deal with Democratic leaders on legislation that aims to lower health-care costs, combat climate change and reduce the federal deficit, a massive potential breakthrough for President Biden’s long-stalled economic agenda.

The new agreement, brokered between Manchin and Senate Majority Leader Charles E. Schumer (D-N.Y.), opens the door for party lawmakers to try to advance the measure in the coming weeks. It caps off months of fierce debate, delay and acrimony, a level of infighting that some Democrats came to see as detrimental to their political fate ahead of this fall’s elections.

Under the deal, Manchin agreed to support roughly $433 billion in new investments, much of which is focused on climate change and energy production. In total, Democrats say their proposal — now known as the Inflation Reduction Act of 2022 — could lower energy costs, increase clean energy production and reduce carbon emissions roughly 40 percent by 2030.

Neither Schumer nor Manchin released the full details of the plan. But Manchin’s support for such spending still marked a dramatic reversal from only two weeks ago, when the moderate lawmaker from coal-heavy West Virginia said he could not support climate-related investments in any package moving through the chamber this month.

Behind the scenes, though, Schumer continued to advocate for climate spending with Manchin, whose objections were rooted in a belief that more federal spending would worsen inflation. The accord came in part because Schumer, House Speaker Nancy Pelosi (D-Calif.) and Biden agreed to seek and pass new legislation targeting permitting for pipelines and other infrastructure in the coming months, Manchin said.

The deal with Manchin also includes plans to lower healthcare costs for Americans, chiefly by allowing Medicare to begin negotiating the price of select prescription drugs on behalf of seniors. And party lawmakers agreed on a critical provision that essentially would spare about 13 million Americans from seeing insurance premium increases next year, by continuing subsidies for people who buy coverage on exchanges set up under the Affordable Care Act.


One Response to “Has Manchin Finally Cut a Deal?”

  1. jimbills Says:

    This very early, so I’ll withhold judgement on this. But, I see one detail that could blow it up and one detail that is concerning. The first is that taxes are raised more than revenue is spent, which ‘could’ cause Sinema to kill it (it was what she always claimed she was against – the tax part). The second is that apparently Schumer and Pelosi have promised Manchin a pipeline bill to be announced later.

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