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The Democrats are taking Joe Manchin for a ride

A key problem with the Inflation Reduction Act is that it doesn’t really address today’s high inflation.

In the week since he reached a deal with US Senate majority leader Chuck Schumer on the Inflation Reduction Act, Senator Joe Manchin has been everywhere promoting it. One of the West Virginia Democrat’s top-selling points is the promise to speed up permitting for US energy production.

It’s a worthwhile idea. Stifling domestic production to send a message to the world about climate change has never made much sense. Indeed, it’s the best idea in the deal. Too bad it isn’t in the bill itself.

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    Original URL: https://www.afr.com/world/north-america/the-democrats-are-taking-joe-manchin-for-a-ride-20220805-p5b7gd