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Hey, good morning, playbookers on Roku-Munovallon. It's Thursday. Today's show, a moment that

many thought would never come, a Manchin-approved reconciliation bill. We'll tell you what's in it.

It's your Politico Playbook Daily Briefing.

Last year, Senator Joe Manchin and Senate Majority Leader Chuck Schumer signed a one-page

agreement outlining the West Virginia Democrats' red lines for a reconciliation bill.

The date on that agreement, July 28, 2021.

Today, July 28, 2022.

One year later to the day, we finally reached the moment many thought would never

come, a mansion-approved reconciliation bill. One he and Schumer brokered in secret, after many

thought any hope of a sweeping deal was dead, is now on the Senate's doorstep, and it includes

provisions for climate change, tax acts on corporations, and health

care subsidies.

It's worth noting that BBB is gone, and so are the ambitions of a massive multi-trillion

dollar spending bill that included everything from universal pre-K to dental coverage via

Medicare, to pay family and medical leave.

In its place is the quote, Inflation Reduction Act of 2022. Its goal,

per the joint mentioned Schumer statement issued Wednesday evening, quote, find inflation, invest in

domestic energy production and manufacturing, and reduce carbon emissions by roughly 40% by 2030,

all while reducing the deficit by $300 billion. The bill includes $369 billion in energy and climate spending,

$739 billion raised by imposing a corporate minimum tax of 15%, prescription drug pricing reform,

more tax enforcement, and closing carried interest, and $64 billion for three years of subsidies

...