AUGUST 1, 2022
Dear Friends:
We are cautiously optimistic!
“... a frenzied and improbable effort by a tiny group of Democrats, carried out over 10 days and entirely in secret, that succeeded this week in reviving the centerpiece of President Joe Biden’s domestic policy plan — and held out the prospect of a major victory for his party months before the midterm congressional elections.”
Links to Articles
RELIEF
Remarks by President Biden on the Inflation Reduction Act of 2022 (see attached)
July 28, 2022
WHAT’S IN IT
Seven Key Provisions in the Climate Deal
By Elena Shao (article attached)
The package would set aside $369 billion for climate and energy proposals, the most ambitious climate action ever taken by Congress, and raise an estimated $451 billion in new tax revenue over a decade, while cutting federal spending on prescription drugs by $288 billion ...,
HOW - Windowless room in secret!
After Clash, Manchin and Schumer Rushed to Reset Climate and Tax Deal (see attached)
By Emily Cochrane and Annie Karni
CONCESSIONS
Is the Manchin Climate Compromise Worth It?
July 29, 2022
Leah Stokes explains why, yes, it is. Don’t be distracted.
The measures, outlined late Wednesday in the 725-page spending bill, require the sale of drilling rights in the Gulf of Mexico and Alaska. The bill would also make new renewable power projects on federal land and water contingent on future sales.
Democrats Got a Climate Bill. Joe Manchin Got Drilling, and More
Along the way to the $369 billion package, the West Virginia senator secured an array of concessions
for his state and for the fossil fuel industry.
AUTO and ENERGY GAIN
Climate Bill ‘Transformative’ for Auto and Energy Industries
The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing
at China’s expense.
How the Schumer-Manchin climate bill might impact you and change U.S.
The package, if smaller than Democrats’ initial ambitions, would transform huge sectors of the U.S. economy
and affect millions of Americans.
How the Government Is Failing Americans Uprooted by Calamity
Climate change is creating a growing class of displaced Americans, and the federal government is struggling
to decide how to help them.
By Christopher Flavelle and Edmund D. Fountain
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