On Wednesday, the preliminary details of a sweeping bill that would fund unprecedented climate-change measures were announced by Senate Majority Leader Chuck Schumer and Democratic senator Joe Manchin of West Virginia. The tentative deal between the two lawmakers would see $369 billion invested in energy-security and climate-change programs over the next 10 years, with the aim of reducing greenhouse-gas emissions to 40% below 2005 levels by 2030. (Other proposed changes included in the bill are aimed at raising corporate taxes, lowering medicine costs, and reducing inflation.)
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The news came after a weeks-long impasse between the conservative Democrat Manchin, whose swing vote has proven vital in Congress, and Schumer, with many remaining skeptical that a deal could be hammered out before the news of Manchin’s U-turn yesterday. While the bill will still need to be finalized and passed before these necessary changes can take place, many political pundits have already noted that, should it go through, the bill would be a major legislative victory for
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