Senate campaign chairs spar over impact of Manchin inflation bill: 'It's all lies'

Senate Republicans and Democrats are at odds with how the Manchin-approved Inflation Reduction Act will impact the American economy as midterms rapidly approach.

Kyle Morris covers politics for Fox News. On Twitter: @RealKyleMorris.

According to Schumer's and Manchin's offices, the bill will raise $739 billion in revenue through IRS tax enforcement, the corporate minimum tax and closing the carried interest loophole. It will spend $433 billion total, they said, on energy and climate change provisions and on the Affordable Care Act extension.