A surprise breakthrough on climate and energy legislation revives President Biden's environmental commitments by outlining large emissions reductions
CLIMATEWIRE | A surprise climate and energy agreement between Sen. Joe Manchin and Senate Majority Leader Charles Schumer promises a large U.S. emissions cut of 40 percent that seemed out of reach just a few days ago.
Biden praised the deal last night, saying it’s “the action the American people have been waiting for.” Many analysts and lawmakers were still sifting through the details of the 725-page bill last night. Still, many Democrats were eager to declare victory. The bill would raise $739 billion in revenue, most of it through an increase in the corporate tax rate to 15 percent and prescription drug reform .
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