Moderate senator Krysten Sinema (D-AZ) has now reportedly caved to Democrats who were seeking her support for a massive new spending bill.
As The Daily Caller reports:
Sen. Kyrsten Sinema has struck a deal with fellow Democrats on the Inflation Reduction Act, according to a Thursday night statement from the Arizona Democrat.
Sinema said she will move forward on the bill after Democratic Party leaders agreed to remove a tax increase on carried interest and a 15% minimum tax on wealthy corporations.
“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” Sinema said in the statement.
Sinema added that she was looking forward to working with Democratic Virginia Sen. Mark Warner on “carried interest tax reforms” and “closing the most egregious loopholes that some abuse to avoid paying taxes.”
Schumer and Sinema announce deal to move the “Inflation Reduction Act” — which won’t reduce inflation but will raise taxes — forward to a vote pending the Parliamentarian’s review. pic.twitter.com/sCjzE9r0TJ
— Spencer Brown (@itsSpencerBrown) August 5, 2022
Sinema and Manchin had originally managed to scuttle the original spending bill over disagreements with President Joe Biden.