Senator Joe Manchin abruptly supports the Biden tax and climate change measure Senator Joe Manchin abruptly supports the Biden tax and climate change measure

 Senator Joe Manchin abruptly supports the Biden tax and climate change measure Senator Joe Manchin abruptly supports the Biden tax and climate change measure

Senator Joe Manchin abruptly supports the Biden tax and climate change measure Senator Joe Manchin abruptly supports the Biden tax and climate change measure

Unexpected support for President Joe Biden's top agenda item was announced by a US Democratic senator who has been a political thorn in the White House's side.


Joe Manchin claims he is now in favor of a package that will increase corporate taxes, combat climate change, and cut healthcare costs.


The West Virginian previously opposed the idea, expressing worries that increased spending may make inflation worse.


If the bill were to pass, Mr. Biden would have won a significant legislative win.

Salvaging a crucial aspect of his domestic agenda might also provide his fellow Democrats, who are vying to keep control of Congress as midterm elections approach in November, a much-needed electoral boost.


The president declared that the law would be historic if it were to pass.


Mr. Manchin offered few details in a statement issued jointly on Wednesday night with Senate Democratic leader Chuck Schumer.


But compared to the $3.5 trillion (£2.9 trillion) package that Democrats initially proposed, the recently negotiated bill is reportedly far more modest.


By 2030, the US would have reduced its carbon emissions by nearly 40%, according to Mr. Manchin and Mr. Schumer.


The law would allocate $369 billion to climate policy, including tax subsidies for electric cars, wind turbines, and solar panels, as well as addressing the effects of pollution on low-income neighborhoods.


By far, Mr. Schumer declared in a statement, "This legislation will be the biggest pro-climate legislation that Congress has ever passed."


The measure, according to Mr. Manchin and Mr. Schumer, would raise $739 billion (£608 billion) over the course of a decade by increasing the corporate minimum tax on large corporations to 15%, strengthening Internal Revenue Service tax enforcement, and allowing the government to bargain for lower prices on prescription drugs.


To pass the bill through the Senate and deliver it to the House of Representatives, where Democrats hold a narrow majority, President Biden needs the backing of all 50 Democratic senators as well as Vice President Kamala Harris's tie-breaking vote.


If passed, the legislation would be a significant victory for the president because it would formalize many of his major policy objectives and offer to revive the domestic economic agenda that has recently stalled due to broken negotiations.


The package is still well short of what the White House had planned to accomplish with its initial $1.9 trillion Build Back Better agenda, an ambitious plan to completely restructure the US's tax, health, and education systems.


According to Mr. Manchin on Wednesday, the earlier plan, which has been stalled in the Senate for months with an uncertain future, is now "dead."


It's unclear what precipitated the West Virginia senator's abrupt change of heart and support for the new legislation. He represents a conservative state that heavily backed the previous president Donald Trump, making him somewhat of a political outlier.


The 74-year-coronavirus old's test result was positive earlier this week. The senator tweeted that he was having slight symptoms despite being fully immunized.


Just a few days prior, the senator infuriated the White House by claiming that he could only support the parts of the package that dealt with healthcare subsidies and pharmaceutical costs.


On Wednesday night, Mr. Manchin stated, "I have assiduously sought to obtain input from all sides.


By using a financial maneuver that would allow him to get around the requirement that 60 out of 100 senators back the measure, Mr. Schumer aims to pass the legislation with 51 votes. The bill would pass in the evenly divided chamber if every Democrat supports it.


The strategy, though, might yet be derailed by Senator Kyrsten Sinema of Arizona, a centrist Democrat who has previously obstructed President Biden's agenda. On hearing of the arrangement on Wednesday night, she chose not to comment.


According to US media, Ms. Sinema told Arizona business leaders in April that she "remains opposed to raising the corporate minimum tax rate."

Republicans criticized Mr. Manchin, who they had previously courted as a potential member.


Senator Lindsey Graham of South Carolina remarked, "I can't believe that Senator Manchin is consenting to a big tax hike in the name of climate change while our economy is in a recession."


Next week, according to Mr. Schumer, the Senate will consider the bill. Later in August, the House of Representatives might then take it up.


John Kerry, the Special Presidential Envoy for Climate Change, thinks renewable energy can help economies around the world.

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