Photo by Gage Skidmore

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.”

Sinema and Manchin had originally managed to scuttle the original spending bill over disagreements with President Joe Biden.




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provobis
provobis
11 days ago

Moderate? There’s no such thing. You’re either conservative or you’re not. What else did anyone expect?

Thomas
Thomas
11 days ago

Obviously got what she wanted in a quid pro-cox deal.

walt15
walt15
10 days ago

The Inflation Reduction Act will help average Americans do better in the the next few post-pandemic years and will make America take big steps to deal with global warming that is causing our water supples to dry up, crops to die, hurricanes to hit our coast, and increasing frequency of tornadoes. However, Sinema’s removal of the tax increase on carried interest and a 15% minimum tax on wealthy corporations took away the deficit-reducing effect of the Act. That is a shame, but there are many ultra-rich Arizonans who would have otherwise come down hard on Senator Sinema if their pocketbooks had been hit.