Sen. Joe Manchin (D-W.Va.) announced on July 27 that he has reached a deal with Senate majority leader Chuck Schumer (D-N.Y.) on energy, taxes, and health care to advance what appears to be a revised, alternate version to the Build Back Better (BBB) bill.
The new spending package, now dubbed the “Inflation Reduction Act of 2022,” will “address record inflation by paying down our national debt, lowering energy costs, and lowering healthcare costs,” Manchin said in a lengthy statement.
“For too long, the reconciliation debate in Washington has been defined by how it can help advance Democrats political agenda called Build Back Better. Build Back Better is dead, and instead, we have the opportunity to make our country stronger by bringing Americans together,” he added….