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After months of back and forth, Sen. Joe Manchin (D-WV) has found a version of Build Back Better he finally likes.
On Wednesday, Manchin put out a statement in support of a new compromise, the Inflation Reduction Act of 2022, which addresses everything from prescription drug costs to corporate taxes to the climate. The new bill, which Democrats released a one-page factsheet for, contains significantly less than what the party previously pushed for in Build Back Better, but is far more expansive than the reconciliation package Manchin signed onto a few weeks ago.
As of earlier this month, Manchin was only on board for a bill that would lower prescription drug costs and extend ACA subsidies. He’d argued that doing anything more would increase inflation and hurt the economy.
Now, Manchin says, he has found a way to decrease inflation (whether that’s correct is unclear) and advance Democrats’ legislative agenda.