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Sen. Kyrsten Sinema (D-Ariz.) said she would “move forward” on a revised version of Senate Democrats’ health care, climate and deficit-reduction package, after party leaders agreed to scale back some of their original tax proposals.
The new approach — along with other changes to the proposal known as the Inflation Reduction Act of 2022 — satisfied Sinema’s chief concerns and helped set in motion a plan to approve it as soon as this weekend.
The article goes on to state the following:
In a statement, Sinema said Democrats had “agreed to remove” a key tax targeting wealthy investors and had made changes to a second provision that aims to impose a new minimum tax on corporations that currently pay nothing to the U.S. government. From here, Sinema said she would await a final review from the chamber’s parliamentarian — a critical step in the process that allows Democrats to move their spending bill — at which point she would “move forward.”
Senate Majority Leader Chuck Schumer released the following statement:
“I am pleased to report that we have reached an agreement on the Inflation Act that I believe will receive the support of the entire Senate Democratic conference. I have had many productive discussions with members of our conference over the past three days and we have addressed a number of important issues they have raised. The agreement preserves the major components of the Inflation Reduction Act, including reducing prescription drug costs, fighting climate change, closing tax loopholes exploited by big corporations and the wealthy, and reducing the deficit by $300 billion. The final version of the Reconciliation bill, to be introduced on Saturday, will reflect this work and put us one step closer to enacting this historic legislation into law.”
Schumer says the deal will maintain $300 billion in deficit reduction, a key Manchin priority pic.twitter.com/l5VzASo092
— Manu Raju (@mkraju) August 5, 2022
Former White House Press Secretary Sean Spicer responded to the news, tweeting, “It’s official. Sen. Kyrsten Sinema has signed off on more IRS agents, higher taxes and more wasteful government spending. If you like this and inflation please Democrat in November.”
Sen. Kyrsten Sinema has signed off on more IRS agents, higher taxes and more wasteful government spending
If you like this and inflation please Democrat in November
— Sean Spicer (@seanspicer) August 5, 2022
Occupy Democrats cheered, “BREAKING: Sen. Kyrsten Sinema finally remembers that she’s a Democrat and announces she will “move forward” to support Biden’s historic health care, climate, and deficit-reduction legislative package. RT IF YOU THINK THIS IS GREAT NEWS!”
BREAKING: Sen. Kyrsten Sinema finally remembers that she’s a Democrat and announces she will “move forward” to support Biden’s historic health care, climate, and deficit-reduction legislative package. RT IF YOU THINK THIS IS GREAT NEWS!
— Occupy Democrats (@OccupyDemocrats) August 5, 2022
Breaking: Sen. Kyrsten Sinema will support the Democrats’ economic bill, she said in a statement tonight. This is the clearest sign yet that Democrats will have 50 votes and be able to pass it by the end of the weekend.
— Jim Sciutto (@jimsciutto) August 5, 2022
Senate Democrats secure Sen. Kyrsten Sinema’s support for Inflation Reduction Act with changes to tax provisions https://t.co/tDyQTkLWLJ
— The Washington Post (@washingtonpost) August 5, 2022
To get more information about this article, please visit WashingtonPost.
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