
What's in the Manchin-Schumer tax hike and climate change bill?
Fox News
Senate Majority Leader Chuck Schumer and Sen. Joe Manchin announced a reconciliation bill Wednesday with provisions on taxes, climate, energy and ObamaCare prescription drugs.
"The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40% by 2030," Schumer, D-N.Y., and Manchin, D-W.Va., said in a joint statement Wednesday, using the bill's new official name.
"The bill will finally allow Medicare to negotiate for prescription drugs and lower health care costs for millions of Americans," they added.
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