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The Latest Breaking News from Joe Manchin

A tax loophole made fund managers rich. Closing it may help pay for the climate bill

The "carried interest loophole" allows hedge fund managers to tax their income at a lower rate than an ordinary salary. The provision is unpopular — yet it has survived many attempts to eliminate it.

WEKU

Commentary: As Americans reel from stagflation, Manchin pitches tax hikes

Stagflation is here. Inflation notched a fresh 40-year high of 9.1 percent in June, and the economy shrank in the first and second quarters of the year.

Tribune News Service

Koch ad asks Sinema to sink climate deal

"Say no for Arizona," the Koch-backed group Americans for Prosperity tells the Democratic senator in a new ad

Salon

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read the most diverse news in one place.

Two top House Dems decline to say Biden should run in 2024

Two powerful House Democrats from New York are declining to say whether President Joe Biden should run for the White House again in 2024

The Independent UK

3 Energy Stocks That Could Benefit From the Manchin Bill

Senator Joe Manchin recently hailed the Inflation Reduction Act of 2022, addressing the nation’s high inflation through energy and climate spending, deficit reduction, prescription drug reform, and clean energy tax credits. We think fundamentally sound energy stocks FirstEnergy (FE), Via Renewables (VIA), and Natural Gas Services (NGS) are well-positioned to…

StockNews.com

Manchin's small step a big leap for mankind

On a celebratory night in late 2016, the Arc de Triomphe and the Eiffel Tower were lit up in green to remind the world to implement the Paris climate agreement. Yet in recent years, climate legislation in the United States has been stuck at a red light, most recently because…

Bangkok Post

The problem with forecasting Manchin's Inflation Reduction Act

Models suggest it will affect overall inflation only a little

Axios

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Killing of Zawahiri gives beleaguered Joe Biden rare political win

US political leaders applaud drone strike as president, battered by inflation, war in Ukraine and Roe ruling, seeks upturn in fortunes

The Guardian - US

Joe Manchin's secret climate "side deal"

Manchin cut a deal to boost oil and gas drilling in exchange for his support for climate change funding

Salon

In Congress, the name of a bill may have nothing to do with what's in it – it's all about salesmanship

Quick quiz: What’s the name of the compromise climate bill that U.S. Sen. Joe Manchin, a Democrat from West Virginia, last week agreed to support?

The Conversation

Senate climate bill, broken down

The Democrats’ deal with Manchin is a climate landmark that would also boost fossil fuels

Salon

Biden’s climate agenda faces yet another obstacle: Kyrsten Sinema

While the centrist senator Joe Manchin has announced his support, it is unclear whether Sinema will also back the bill

The Guardian - US

Matthew Yglesias: Democrats need more Joe Manchins

In the end, after a lot of drama, Sen. Joe Manchin did the right thing. And by signing off on a legislative deal that will reduce the deficit, cut drug costs and invest in zero-carbon domestic energy, he has made many progressives very happy.

Tribune News Service

So, who’ll take the reins from ‘one term’ Joe Biden and is Kamala Harris really popular enough to follow him?

Swirling factions, plummeting approval ratings and mounting concerns about his age mean Democrats are increasingly nervous about Joe Biden. But, as Sarah Baxter writes, without a natural successor the risk of re-opening the door to Donald Trump is all too real

Evening Standard

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Axios

Corporate America floods Arizona to flip Sinema on Democrats' climate and tax deal

The clock is ticking to convince Sinema to play her hand.

Tribune News Service

Manchin-Schumer deal has a new hurdle: Kyrsten Sinema

WASHINGTON — Now that Sen. Joe Manchin is on board with a $433 billion tax and climate bill, Democrats, Republicans and the private equity industry all are trying to suss out where Sen. Kyrsten Sinema stands.

The Independent UK

Dem Sen. Sinema's views on economic bill remain shrouded

Democratic Sen. Kyrsten Sinema's views remained a mystery as party leaders eye votes later this week on their emerging economic legislation

Tribune News Service

Texas Republican John Cornyn tests positive for COVID as busy week begins in Senate

WASHINGTON — Texas Sen. John Cornyn announced on Monday he’s tested positive for COVID-19 for the first time since the pandemic began.

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Tribune News Service

Vice President Harris visits South Florida to tout $1 billion plan for climate-related disasters

FORT LAUDERDALE, Fla. — Vice President Kamala Harris flew to South Florida on Monday to talk up a $1 billion Biden administration program to help deal with the growing intensity of hurricanes, wildfires, extreme heat and other disasters that threaten communities nationwide.

Tribune News Service

Manchin spending deal includes billions in oil import taxes

WASHINGTON — The climate and tax spending deal announced last week by Senate Majority Leader Chuck Schumer and Sen. Joe Manchin could cost billions in new taxes.

The Independent UK

Bumps, bipartisanship in long fight for semiconductor bill

President Joe Biden will soon be signing into law a major bill to revive the U.S. computer chip sector

Reason

The 'Inflation Reduction Act' Won't Actually Reduce Inflation

But it will hike taxes, including on Americans earning less than $200,000 annually.

The Independent UK

Five things to watch this week as the Senate tries to pass major climate and tax bill

Democrats need to get every member of their caucus on board to pass the Inflation Reduction Act

The Guardian - US

Democrats prepare for showdown over key spending and climate bill – as it happened

Senate Democrats move forward with $740bn legislative package after Manchin agrees deal with Schumer

Salon

Sinema opposes tax hikes for the rich

Sinema has indicated she is "open to letting Republicans modify the bill"

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