Sen. Joe Manchin, D-W.Va., has taken millions in donations from oil, gas and coal industry groups over the years, but he also brings in donations from green energy organizations and companies, according to his Federal Election Commission filings.
President Joe Biden promised on Thursday that the so-called “Inflation Reduction Act” wouldn’t raise taxes on Americans making less than $400,000 a year. But, in fact, the bill would increase taxes collected from the American people by more than half a trillion dollars, affecting both rich and poor alike.
The Democrats’ marquee bill to reduce inflation would likely have zero impact on inflation, according to a study by the influential Penn Wharton Budget Model.
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.
