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Climate Politics

Manchin Backs $369 Billion Energy-Climate Plan, Rejects SALT

  • Key holdout senator agrees to add energy, revenue provisions
  • Vote expected as soon as next week in Senate on expanded bill
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Biden’s Tax, Climate Plan Revived by Manchin, Schumer
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Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

The plan, announced by the two Democrats on Wednesday evening, would generate an estimated $739 billion in revenue, spend $433 billion and reduce deficits by $300 billion over a decade. That’s still much smaller than the Biden administration’s plans before encountering Manchin’s repeated opposition.