Senate Majority Leader Chuck Schumer and fellow Democratic Sen. Joe Manchin agreed late Wednesday to add $369 billion in energy and climate provisions to a budget reconciliation bill scheduled for a vote next week.

The proposed legislation, dubbed the Inflation Reduction Act of 2022, targets a roughly 40% reduction in greenhouse gas emissions by 2030, “and would represent the single biggest climate investment in U.S. history, by far,” according to a fact sheet. It also mandates a 15% corporate minimum tax rate for the roughly 200 largest corporations currently paying a lower rate.

Schumer said the bill would fight climate change, as well as lower energy prices.

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