Manchin, Schumer Announce Deal on Inflation Reduction Act, Which Harms Industry
Sen. Joe Manchin (D-W.Va.) and Senate Majority Leader Chuck Schumer (D-NY), along with President Biden, on July 27 announced a deal on a $740 billion reconciliation bill. The more than 700-page bill includes a broad energy tax title that will rework existing biofuel and alternative fuel incentive structures for the next several years, as well as health and tax components. The Senate intends to vote on the legislation next week, with the House likely soon thereafter.
07-28-2022