Joe Manchin and Chuck Schumer Strike a Deal, $370 Billion for Green New Deal Energy Transition, Tax Increases to Pay for it and More IRS Agents

Two weeks ago, CTH warned everyone that Joe Manchin’s torpedoing of the $500 billion Green New Deal senate spending program was a head fake; he was always going to sign up to expand the control of the federal government over energy use. Today Manchin and Chuck Schumer made it official.

The people operating the “energy transition” levers will get $370 billion to spend on bigger windmills, more solar panels and new energy programs to eliminate coal, oil and natural gas. They will pay for it by raising taxes and hiring a new army of IRS enforcement officials. In exchange for his vote, the federal government will pay increased health insurance subsidies for West Virginians and pass out lower priced medications.



There you go. Exactly as predicted. Energy inflation will continue as the energy transition becomes a permanent feature. Ironically, Joe Manchin made them change the name to “The Inflation Reduction Act,” and pushed the effective dates for all renewals past the 2024 election (where he plans to be a candidate against Gavin Newsom).

WASHINGTON – Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday reached a deal on a bill that includes energy and tax policy, a turnaround after the two deadlocked earlier this month in talks on Democrats’ marquee party-line agenda. In a joint statement, the two Democrats said the legislation will be on the Senate floor next week. It includes roughly $370 billion in energy and climate spending.


[…] The duo said their bill, dubbed “The Inflation Reduction Act of 2022,” would “fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030.” Moreover, as part of the agreement announced Wednesday, Schumer and Speaker Nancy Pelosi agreed to pass legislation governing energy permits.




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Last Edited by Phennommennonn on 07/27/2022 08:13 PM