Which is one of many reasons I’m rooting against it, as I explain at Bloomberg Opinion.
In the week since he reached a deal with 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 permits 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. . . .