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.

It does look that way.  Go read this basic timeline from Allahpundit, starting with a legislative threat McConnell issued at the end of last month.  That ultimatum appeared to have worked, with Manchin announcing shortly thereafter that he was pulling the plug on negotiations over a zombie, fallback version of 'Build Back Better.'  He indicated was more interested in another bill passing (which Mitch was threatening to hold up), plus with acute inflation and economic uncertainty ahead, he suggested that his appetite for a climate/spending/tax hike package was gone.

Republicans are not pleased with the prospect of a revived version of Build Back Better after Sen. Joe Manchin, D-W.Va. and Senate Majority Leader Chuck Schumer announced they came to an agreement on a reconciliation package.

While some details of the reconciliation package are unclear, Manchin said in a statement that the bill will contain a minimum 15% tax on companies worth more than $1 billion and will also have investments in energy, which include nuclear, renewables and fossil fuels. 

Senate Majority Leader Chuck Schumer and Sen. Joe Manchin on Wednesday announced a deal on an energy and health care bill, representing a breakthrough after more than a year of negotiations that have collapsed time and again.

But it will face furious GOP opposition.

Solar stocks jumped on Thursday after Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., said they’ve reached a deal on what would be the most ambitious climate spending package in U.S. history.

The “Inflation Reduction Act of 2022” includes $369 billion for clean energy provisions

“The entire clean energy industry just breathed an enormous sigh of relief,” American Clean Power CEO Heather Zichal said Wednesday evening.

Sen. Joe Manchin, D-W.Va., and his staff told Senate Majority Leader Chuck Schumer, D, N.Y., unequivocally Thursday that he is only willing to support a reconciliation bill in August that includes a provision to lower prescription drug prices and a two-year extension of subsidies for the Affordable Care Act, according to a Democrat briefed on the conversations. 

Sen. Joe Manchin (D-W.Va.) told Senate Majority Leader Charles Schumer (D-N.Y.) “unequivocally” on Thursday that he will only support a narrow budget reconciliation package before Labor Day if is does not include new spending to fight climate change or taxes on wealthy individuals or corporations, according to a Democrat briefed on the talks.

Sen. Joe Manchin on Thursday dealt a devastating blow to Democrats' hopes for sweeping legislative action this year, telling Senate Majority Leader Chuck Schumer and his staff "unequivocally" that he won't support the climate or tax provisions of a Democratic economic package, two sources familiar with the talks tell CNN.

The two had been negotiating for months, and Schumer, a New York Democrat, had made a number of concessions to pare back the climate provisions to appease Manchin, whose support is critical in an evenly decided Senate.

Senate Majority Leader Charles Schumer (D-N.Y.) is making a last-ditch effort to pass a budget reconciliation bill during the July and early August work period.   

Schumer and centrist Sen. Joe Manchin (D-W.Va.) have made progress on proposals to lower the cost of prescription drugs, extend Medicare’s solvency and raise taxes on some high-income earners.  

Senate Democrats will try to negotiate with moderate Sens. Joe Manchin and Kyrsten Sinema to address their disagreements on the size and scope of President Joe Biden's economic package as it heads to the chamber, Senate Majority Leader Chuck Schumer said Sunday.