Sen. Kyrsten Sinema (D-AZ) gave her approval Thursday night to “go forward” on the Inflation Reduction Act, paving the stage for the spending bill’s eventual passage in the event that no other holdout Democrat surfaces.
The two Democrats who opposed the bigger “Build Back Better” plan from the Biden administration were Sinema and fellow Democrat Sen. Joe Manchin of West Virginia. Manchin and Sinema were reportedly concerned about the bill’s potential to worsen the already-rampant inflation. Without their support and in the face of strong GOP opposition, it seemed unlikely that anything would pass the Senate.
However, Manchin earlier this week changed his mind about a $739 billion version of that package, and now Sinema has achieved her goals and decided to back the legislation. If the Senate votes 50-50, the choice would be up to Vice President Kamala Harris, who is likely to accept it.
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According to a statement from Sinema, “We have agreed to remove the carried interest tax provision, safeguard advanced manufacturing, and increase our renewable energy in the Senate’s budget reconciliation plan.”
I’ll proceed pending the Parliamentarian’s evaluation.
Manchin was persuaded to support the new version by Senate Majority Leader Chuck Schumer, who claimed in a statement that the new “accord preserves the major components” of the spending bill.
The bill’s final draught, which includes provisions on paying the IRS, health care, and environmental efforts, was scheduled to be introduced on Saturday.