Washington, DC – Senate Majority Leader Chuck Schumer released the following statement today on his agreement with Senator Joe Manchin (D-WV) to add climate provisions to the FY2022 Budget Reconciliation legislation and hold a vote in the Senate next week:
“After years of many in Washington promising, but failing to deliver, with the Inflation Reduction Act of 2022, this Senate Democratic Majority will take action to finally take on Big Pharma and lower prescription drug prices, tackle the climate crisis with urgency and vigor, ensure the wealthiest corporations and individuals pay their fair share in taxes, and reduce the deficit.
“By a wide margin, this legislation will be the greatest pro-climate legislation that has ever been passed by Congress. This legislation fights the climate crisis with the urgency the situation demands and puts the U.S. on a path to roughly 40% emissions reductions by 2030, all while creating new good-paying jobs in the near and long-term.
“I expect that the remaining work with the parliamentarian will be completed in the coming days and the Senate will vote on this transformative legislation next week.
“I thank Senator Manchin for his willingness to engage and his commitment to reaching an agreement that can earn the support of all 50 Senate Democrats.”
INFLATION REDUCTION ACT OF 2022