WASHINGTON – Sen. Joe Manchin reached a deal with Democratic leaders Wednesday on a spending bill that includes almost $370 billion in tax breaks and other incentives to expand clean energy, breaking what had appeared a deadlock in negotiations, the two sides announced in a joint statement.As part of the deal, the spending bill would also include $300 billion in funding towards deficit reduction, along with the closing of tax loopholes for the wealthy and a minimum 15 percent tax on the wealthiest corporations.
“It is past time for America to begin paying down our $30 trillion national debt and get serious about the record inflation that is crushing the wages of American workers,” Manchin, a West Virginia Democrat, said in a statement. “Tax fairness is vital to our nation’s economic future. It is wrong that some of America’s largest companies pay nothing in taxes…
Manchin strikes deal with Democrats on clean energy spending, in exchange for deficit reduction
