Manchin strikes again: Reconciliation package surfaces, with drug pricing reforms fully intact — for now

Manchin and Senate Majority leader Chuck Schumer (D-NY) struck a $740 billion reconciliation deal that will reduce the deficit by about $300 billion and now includes not only the previously announced CMS drug price negotiation provisions, but also caps seniors’ out of pocket costs at $2,000 per year, and a 15% corporate minimum tax for billion dollar corporations as part of a larger package of climate change and energy security reforms.