He has been one of the key holdouts on deals among Senate Democrats.
WASHINGTON — In an unexpected turnabout, Senate Majority Leader Chuck Schumer and Sen. Joe Manchin announced Wednesday they had reached an expansive agreement that had eluded them for months on health care, energy and climate issues, taxes on higher earners and corporations and trimming of the federal debt.
In an abrupt announcement, he and fellow Democrat Schumer said the measure would raise $739 billion over 10 years in revenue, the biggest chunk coming from a 15% corporate minimum tax. The announcement suddenly presented President Joe Biden and Democrats with the prospect of pushing a major achievement through Congress in the runup to November congressional elections in which Republicans have seemed strongly positioned to capture House control and possibly a majority of the Senate as well.
He said he was open to considering a broader compromise on environment and tax issues after Congress returned from a summer recess in September, an offer that many Democrats thought dubious.
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