Manchin and Schumer reveal startling agreement on tax, healthcare, and the environment Manchin and Schumer reveal startling agreement on tax, healthcare, and the environment

 Manchin and Schumer reveal startling agreement on tax, healthcare, and the environment Manchin and Schumer reveal startling agreement on tax, healthcare, and the environment

Manchin and Schumer reveal startling agreement on tax, healthcare, and the environment Manchin and Schumer reveal startling agreement on tax, healthcare, and the environment

Sen. Joe Manchin declared on Wednesday that he and Senate Majority Leader Chuck Schumer had finally come to an understanding on health care prices, energy policy, and environmental concerns after months of trying.


According to Schumer and Manchin, the package will be paid for by removing tax loopholes for rich people and big businesses.


The Senate parliamentarian must approve the health care, tax, and energy package for it to go through the budget reconciliation procedure, which enables Democrats to pass the plan with 50 votes. The new legislative text "will be submitted to the Parliamentarian for review this evening and the full Senate will examine it next week," Schumer and Manchin said in a joint statement.


Following conversations with Manchin and Schumer, President Joe Biden declared in a statement on Wednesday that he was in favor of the agreement.


This measure will be historic if it is passed, therefore I implore the Senate to do it as soon as possible and the House to follow suit, said Mr. Biden.


Manchin, a West Virginia Democrat whose opposition had long prevented comprehensive legislation on those topics from passing, abruptly announced the deal in a press release, which was then followed by a joint announcement with Schumer.


Hours after the Senate approved the Chips and Science Act, a bill to support investments in domestic semiconductor chip production, Manchin made his announcement. If Democrats continued to push for party-line reconciliation legislation, Senate Minority Leader Mitch McConnell has vowed to stall the semiconductor bill.


Manchin added in a statement that "going ahead, the debate over any targeted legislation or future reconciliation bill must focus on supporting the everyday hardworking Americans we have been elected to serve. "I back the Inflation Reduction Act of 2022 because it offers a sensible course of action that is laser-focused on resolving our country's most pressing economic, energy, and environmental issues. My colleagues need to decide if they are willing to set aside their election politics and support the sensible policy that will benefit our country's future the most and be supported by a vast majority of its citizens.


The plan would invest $369 billion on energy security and climate change, and it would also extend the Affordable Care Act program for three more years, according to a one-page summary of the proposal from Schumer and Manchin. The Act would also enable Medicare to bargain for lower prices on prescription medications.


On Wednesday, Senator Elizabeth Warren emphasized the deal's finality.


The good news, she continued, is that it is Senator Manchin who is announcing an agreement, not that they are nearing one or that it has some components.


Progressive members of the House expressed hope in a tweet that read, "We'll need to study the details, but it's promising a compromise to deliver on those issues might finally be in reach."


Republicans slammed Manchin's agreement right away. It was referred to as "Manchin's New Build Back Broke Bill" by Texas Senator John Cornyn.


It won't make a difference to American families and small companies how many times Senate Democrats change the name of Build Back Broke, Cornyn asserted. The recession will worsen rather than improve if taxes are raised on people who create jobs, new rules are imposed on the energy sector, and entrepreneurs searching for novel treatments are stifled.


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