"Sinema Agrees to Climate and Tax Deal, Clearing the Way for Votes"

"The Arizona Democrat had been her party’s last remaining holdout on the package, now slated to move forward on Saturday and pass the Senate within days."

"WASHINGTON — Senator Kyrsten Sinema, Democrat of Arizona, announced on Thursday evening that she would support moving forward with her party’s climate, tax and health care package, clearing the way for a major piece of President Biden’s domestic agenda to move through the Senate in the coming days.

To win Ms. Sinema’s support, Democratic leaders agreed to drop a $14 billion tax increase on some wealthy hedge fund managers and private equity executives that she had opposed, change the structure of a 15 percent minimum tax on corporations, and include drought money to benefit Arizona.

Ms. Sinema said she was ready to move forward with the package, provided that the Senate’s top rules official signed off on it."

Emily Cochrane reports for the Washington Post August 4, 2022.


"Senate Will Take Up Democrats' Tax, Climate And Health Bill On Saturday, Schumer Says" (NPR)


Source: NYTimes, 08/05/2022