• Sen. Joe Manchin (D-WV) announced he will support a new bill, the Inflation Reduction Act of 2022, which contains $370 billion in spending for renewable energy and climate measures.
• Delivers big win to President Biden.
• “Rather than risking more inflation with trillions in new spending, this bill will cut the inflation taxes Americans are paying, lower the cost of health insurance and prescription drugs, and ensure our country invests in the energy security and climate change solutions we need,” said Manchin.

Tagged: Capitol Hill