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Manchin announces deal with Schumer on reconciliation bill with tax, climate, energy provisions
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| Contributor | RP |
| Last Edited | RP Jul 27, 2022 06:51pm |
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| Category | Proposed Legislation |
| Author | Kevin Breuninger |
| News Date | Wednesday, July 27, 2022 10:10:00 PM UTC0:0 |
| Description | Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., on Wednesday announced that they have struck a long-awaited deal on legislation that aims to reform the tax code, fight climate change and cut health-care costs.
The reconciliation bill would invest more than $400 billion over 10 years, to be fully paid for by closing tax loopholes on the richest Americans and corporations, the senators said in a joint statement. It would reduce deficits by $300 billion over that decade |
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