Economic Policy The two-week scramble that saved Democrats’ climate agenda Inside the private talks and public pressure that led to a deal between Joe Manchin and Charles Schumer The U.S. Capitol reflected against a window on July 21. Senate Democrats hope to begin debating the bill as soon as next week. In particular, Manchin took issue with the tax increases Democrats had proposed to pay for their new spending, including the investments on climate. Manchin told the group he supported one of Democrats’ tax plans, a proposal to impose a rate on businesses that pay nothing to the government. But he also criticized Democrats’ spending ambitions — leaving conservatives convinced that Manchin remained opposed to acting.

Source: Washington Post July 30, 2022 21:21 UTC