Sen. Joe Manchin (D-W.Va.) says he’ll speak to fellow moderate Sen. Kyrsten Sinema (D-Ariz.) about supporting the Inflation Reduction Act (IRA) reconciliation package.
The IRA, a compromise reconciliation package hammered out over months of negotiations between Manchin and Senate Majority Leader Chuck Schumer (D-N.Y.), would substantially change tax law in order to fund new climate policies and initiatives to reduce the federal deficit.
The agreement comes after the failure eight months ago of a much larger spending package, the Build Back Better Act (BBB), which Manchin said he absolutely would refuse to support.
The deal is a breakthrough for Democrats, who had grown increasingly hopeless about the prospects of passing substantial reconciliation legislation before the onset of the midterms. However, while Manchin is on board with the proposal, Sinema remains a question mark….