Posted on Aug 4, 2022
Sinema agrees to 'move forward' with social spending and tax bill after Dems make changes
1.59K
86
14
11
11
0
Law
Duty
Honor
Country
Responses: 6
8
8
0
Sinema says she will move forward with Senate Democrats' climate health
Arizona Sen. Kyrsten Sinema announced late Thursday she will "move forward" with Democrats' massive climate, prescription drug and spending bill, after Democ...
Thank you my friend and brother-in-Christ SFC (Join to see) for posting the perspective from foxnews.com contributing authors Tyler Olson, Kelly Phares, Chad Pergram that Arizona Democrat Senator Kyrsten Sinema said Thursday she will "move forward" with the Democrats' social spending and taxation bill, after previously holding out on deal struck by Sen. Joe Manchin and Senate Majority Leader Chuck Schumer.
Very sad news IMHO].
Sinema says she will move forward with Senate Democrats' climate health
https://www.youtube.com/watch?v=JlWaRp228w0
Background from {[nbcnews.com/politics/congress/sen-kyrsten-sinema-signs-democrats-big-agenda-bill-paving-way-senate-p-rcna41675}]
By Zoë Richards, Frank Thorp V and Sahil Kapur
Sen. Kyrsten Sinema signed off on sweeping Democratic legislation Thursday that would provide new spending to mitigate climate change and extend health care access while taxing corporations.
The Arizona Democrat's announcement likely unlocks the votes needed to pass the bill in the Senate.
Sinema said her support came after Democratic leaders agreed to remove a provision on closing the so-called carried interest tax loophole that enables wealthy hedge fund and investment managers to pay lower taxes.
“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," she said in a statement Thursday. "Subject to the Parliamentarian’s review, I’ll move forward."
Her comments on the bill, known as the Inflation Reduction Act, came after a weeklong silence that left many Democrats nervous that the enigmatic centrist may not sign off on it. Democrats have no hope of winning any Republican support, meaning all 50 senators in the caucus are needed to pass the measure.
Senate Majority Leader Chuck Schumer voiced confidence that Democrats now have unanimous caucus support for the bill.
“I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference,” he said in a statement Thursday. “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.”
President Joe Biden also hailed the latest development, without mentioning Sinema by name.
"Tonight, we’ve taken another critical step toward reducing inflation and the cost of living for America’s families," he said in a statement. "I look forward to the Senate taking up this legislation and passing it as soon as possible."
After Sen. Joe Manchin of West Virginia, a centrist Democrat, signed off on the legislation July 27, Sinema was viewed as the last hurdle to moving forward on the legislation.
A Democrat familiar with the new agreement said it will contain “a new excise tax on stock buybacks that brings in far more revenue than the carried interest provision did.” A second Democratic source confirmed the new tax on stock buybacks.
It was not immediately clear what other changes Sinema secured to support the legislation. Schumer said Thursday that it keeps "the major components" of the original bill, "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."
Sinema had long been opposed to a provision in the deal Manchin cut with Schumer that sought to close the carried interest tax break. A person close to Sinema said Thursday that her needs on the bill "have been met."
In her statement, Sinema said she'd work separately "to enact carried interest tax reforms, protecting investments in America’s economy and encouraging continued growth while closing the most egregious loopholes that some abuse to avoid paying taxes.”
But that vow probably won't amount to much unless Democrats keep their congressional majorities in November or pass another party-line bill this year. Republicans are unlikely to agree to such a tax change under the regular 60-vote process for most Senate legislation, meaning the carried interest tax break is poised to be protected as a result of Sinema's demands.
Democrats are aiming to pass the broad legislation ahead of the August recess in an effort to revive elements of Biden’s agenda before the midterm elections.
“We are about to pass monumentally necessary and popular legislation to reduce the cost of prescription drugs, make the tax code more fair by making billion dollar corporations pay at least 15 percent, extend ACA subsidized and attack the climate crisis,” Sen. Brian Schatz, D-Hawaii, said on Twitter. “It’s happening.”
FYI TSgt David L. Cpl Douglas Loven PO1 John Miller SN Alex Tufail MSG Andrew White 1st Lt Padre Dave Poedel CWO4 Terrence ClarkLTC (Join to see) SSgt Kelly D. MCPO Hilary Kunz LTC (Join to see) LTC Trent Klug PO3 Edward Riddle MSgt Robert "Rock" Aldi MSG Roy CheeverPO2 Russell "Russ" Lincoln CSM Charles Hayden SFC William Farrell
Very sad news IMHO].
Sinema says she will move forward with Senate Democrats' climate health
https://www.youtube.com/watch?v=JlWaRp228w0
Background from {[nbcnews.com/politics/congress/sen-kyrsten-sinema-signs-democrats-big-agenda-bill-paving-way-senate-p-rcna41675}]
By Zoë Richards, Frank Thorp V and Sahil Kapur
Sen. Kyrsten Sinema signed off on sweeping Democratic legislation Thursday that would provide new spending to mitigate climate change and extend health care access while taxing corporations.
The Arizona Democrat's announcement likely unlocks the votes needed to pass the bill in the Senate.
Sinema said her support came after Democratic leaders agreed to remove a provision on closing the so-called carried interest tax loophole that enables wealthy hedge fund and investment managers to pay lower taxes.
“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," she said in a statement Thursday. "Subject to the Parliamentarian’s review, I’ll move forward."
Her comments on the bill, known as the Inflation Reduction Act, came after a weeklong silence that left many Democrats nervous that the enigmatic centrist may not sign off on it. Democrats have no hope of winning any Republican support, meaning all 50 senators in the caucus are needed to pass the measure.
Senate Majority Leader Chuck Schumer voiced confidence that Democrats now have unanimous caucus support for the bill.
“I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference,” he said in a statement Thursday. “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.”
President Joe Biden also hailed the latest development, without mentioning Sinema by name.
"Tonight, we’ve taken another critical step toward reducing inflation and the cost of living for America’s families," he said in a statement. "I look forward to the Senate taking up this legislation and passing it as soon as possible."
After Sen. Joe Manchin of West Virginia, a centrist Democrat, signed off on the legislation July 27, Sinema was viewed as the last hurdle to moving forward on the legislation.
A Democrat familiar with the new agreement said it will contain “a new excise tax on stock buybacks that brings in far more revenue than the carried interest provision did.” A second Democratic source confirmed the new tax on stock buybacks.
It was not immediately clear what other changes Sinema secured to support the legislation. Schumer said Thursday that it keeps "the major components" of the original bill, "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."
Sinema had long been opposed to a provision in the deal Manchin cut with Schumer that sought to close the carried interest tax break. A person close to Sinema said Thursday that her needs on the bill "have been met."
In her statement, Sinema said she'd work separately "to enact carried interest tax reforms, protecting investments in America’s economy and encouraging continued growth while closing the most egregious loopholes that some abuse to avoid paying taxes.”
But that vow probably won't amount to much unless Democrats keep their congressional majorities in November or pass another party-line bill this year. Republicans are unlikely to agree to such a tax change under the regular 60-vote process for most Senate legislation, meaning the carried interest tax break is poised to be protected as a result of Sinema's demands.
Democrats are aiming to pass the broad legislation ahead of the August recess in an effort to revive elements of Biden’s agenda before the midterm elections.
“We are about to pass monumentally necessary and popular legislation to reduce the cost of prescription drugs, make the tax code more fair by making billion dollar corporations pay at least 15 percent, extend ACA subsidized and attack the climate crisis,” Sen. Brian Schatz, D-Hawaii, said on Twitter. “It’s happening.”
FYI TSgt David L. Cpl Douglas Loven PO1 John Miller SN Alex Tufail MSG Andrew White 1st Lt Padre Dave Poedel CWO4 Terrence ClarkLTC (Join to see) SSgt Kelly D. MCPO Hilary Kunz LTC (Join to see) LTC Trent Klug PO3 Edward Riddle MSgt Robert "Rock" Aldi MSG Roy CheeverPO2 Russell "Russ" Lincoln CSM Charles Hayden SFC William Farrell
(8)
(0)
LTC Stephen F.
J.J Cale - Crazy Mama (studio version)
If you like Cale, then you may well like my original music here... http://www.youtube.com/watch?v=h5xt7T_9Pik Please at least give it a chance :)By supportin...
It seems that Kyrsten Sinema may have spent too much time in the Arizona sun:-)
J.J Cale - Crazy Mama (studio version)
https://www.youtube.com/watch?v=nx2N1BPOyIc
FYI MAJ Dale E. Wilson, Ph.D. MAJ Dale E. Wilson, Ph.D. Maj Bill Smith, Ph.D. SSgt David M.] SGT (Join to see) SGT David A. 'Cowboy' Groth SGT Jim ArnoldSGT Mark AndersonSFC Stephen King CPT (Join to see) LTC Trent Klug SSgt Kelly D. PO2 (Join to see) SFC (Join to see) PO1 Jeff Chandler SMSgt Lawrence McCarter COL Lisandro Murphy SGT Wayne Dunn SGT John " Mac " McConnell MSG Andrew White
Background from {[foxnews.com/politics/sinema-agrees-move-forward-social-spending-tax-bill-after-dems-make-changes]}
"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, D-Ariz., said. "Subject to the Parliamentarian's review, I'll move forward."
Sinema was widely considered the final senator needed for Democrats to pass the plan on climate, energy, health care and taxes, which, if it becomes law, will cap over a year of intra-party negotiations. With her support, Schumer said he expected all 50 Democrats to vote for the measure.
"I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference," Schumer said. "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."
President Biden similarly praised Senate Democrats for pushing the bill along and said he looks forward to it officially passing the chamber.
"Tonight, we’ve taken another critical step toward reducing inflation and the cost of living for America’s families," Biden said. "The Inflation Reduction Act will help Americans save money on prescription drugs, health premiums, and much more. It will make our tax system more fair by making corporations pay a minimum tax. It will not raise taxes on those making less than $400,000, and it will reduce the deficit."
"It also makes the largest investment in history in combating climate change and increasing energy security, creating jobs here in the U.S. and saving people money on their energy costs. I look forward to the Senate taking up this legislation and passing it as soon as possible," he added.
Democrats plan to pass the legislation using a process called budget reconciliation, which allows them to get around the Senate's 60-vote filibuster threshold to pass legislation on party lines. Manchin killed previous reconciliation efforts last year, at the time called "Build Back Better," which were much more expansive than the bill he proposed with Schumer last week.
Schumer announced Thursday that the Senate will reconvene on Saturday afternoon with the plan on voting to begin debate on the bill. If all 50 Senate Democrats support the bill and remain healthy and able to vote, they will be able to pass it despite vociferous GOP objections.
Vice President Kamala Harris would be able to break ties on any 50-50 votes.
The biggest issue Republicans say they see with the bill are tax increases, the burden for which the Joint Committee on Taxation will fall indirectly on Americans in nearly all tax brackets. The increases will also hit manufacturing businesses hard, Republicans say, just after the Senate passed a bill to boost U.S. manufacturing.
The legislation is expected to spend $433 billion total, and raise $739 billion in tax revenue.
"Folks who work in these companies, and remember half this is going to fall on manufacturers, they're gonna see their wages and benefits be reduced because of this taxation at a time when they're having a really hard time keeping up with current inflation," Sen. Rob Portman, R-Ohio, said.
One other hurdle Democrats are awaiting the results of is the review by Senate Parliamentarian Elizabeth MacDonough, who is currently reviewing the legislation for conformity to the Byrd Rule. That rule says reconciliation bill provisions generally must deal with taxes and government spending and cannot be straight policy prescriptions. It is not anticipated that any results from her review would doom the bill, however.
After Democrats vote to begin considering the bill, they will also have to get past a "vote-a-rama," when senators are allowed to propose unlimited amendments to the legislation. That usually results in dozens of amendment votes in a marathon session that can last the better part of a day. But if Democrats remain united, they are in control over whether the bill passes, despite any GOP efforts.
J.J Cale - Crazy Mama (studio version)
https://www.youtube.com/watch?v=nx2N1BPOyIc
FYI MAJ Dale E. Wilson, Ph.D. MAJ Dale E. Wilson, Ph.D. Maj Bill Smith, Ph.D. SSgt David M.] SGT (Join to see) SGT David A. 'Cowboy' Groth SGT Jim ArnoldSGT Mark AndersonSFC Stephen King CPT (Join to see) LTC Trent Klug SSgt Kelly D. PO2 (Join to see) SFC (Join to see) PO1 Jeff Chandler SMSgt Lawrence McCarter COL Lisandro Murphy SGT Wayne Dunn SGT John " Mac " McConnell MSG Andrew White
Background from {[foxnews.com/politics/sinema-agrees-move-forward-social-spending-tax-bill-after-dems-make-changes]}
"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, D-Ariz., said. "Subject to the Parliamentarian's review, I'll move forward."
Sinema was widely considered the final senator needed for Democrats to pass the plan on climate, energy, health care and taxes, which, if it becomes law, will cap over a year of intra-party negotiations. With her support, Schumer said he expected all 50 Democrats to vote for the measure.
"I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference," Schumer said. "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."
President Biden similarly praised Senate Democrats for pushing the bill along and said he looks forward to it officially passing the chamber.
"Tonight, we’ve taken another critical step toward reducing inflation and the cost of living for America’s families," Biden said. "The Inflation Reduction Act will help Americans save money on prescription drugs, health premiums, and much more. It will make our tax system more fair by making corporations pay a minimum tax. It will not raise taxes on those making less than $400,000, and it will reduce the deficit."
"It also makes the largest investment in history in combating climate change and increasing energy security, creating jobs here in the U.S. and saving people money on their energy costs. I look forward to the Senate taking up this legislation and passing it as soon as possible," he added.
Democrats plan to pass the legislation using a process called budget reconciliation, which allows them to get around the Senate's 60-vote filibuster threshold to pass legislation on party lines. Manchin killed previous reconciliation efforts last year, at the time called "Build Back Better," which were much more expansive than the bill he proposed with Schumer last week.
Schumer announced Thursday that the Senate will reconvene on Saturday afternoon with the plan on voting to begin debate on the bill. If all 50 Senate Democrats support the bill and remain healthy and able to vote, they will be able to pass it despite vociferous GOP objections.
Vice President Kamala Harris would be able to break ties on any 50-50 votes.
The biggest issue Republicans say they see with the bill are tax increases, the burden for which the Joint Committee on Taxation will fall indirectly on Americans in nearly all tax brackets. The increases will also hit manufacturing businesses hard, Republicans say, just after the Senate passed a bill to boost U.S. manufacturing.
The legislation is expected to spend $433 billion total, and raise $739 billion in tax revenue.
"Folks who work in these companies, and remember half this is going to fall on manufacturers, they're gonna see their wages and benefits be reduced because of this taxation at a time when they're having a really hard time keeping up with current inflation," Sen. Rob Portman, R-Ohio, said.
One other hurdle Democrats are awaiting the results of is the review by Senate Parliamentarian Elizabeth MacDonough, who is currently reviewing the legislation for conformity to the Byrd Rule. That rule says reconciliation bill provisions generally must deal with taxes and government spending and cannot be straight policy prescriptions. It is not anticipated that any results from her review would doom the bill, however.
After Democrats vote to begin considering the bill, they will also have to get past a "vote-a-rama," when senators are allowed to propose unlimited amendments to the legislation. That usually results in dozens of amendment votes in a marathon session that can last the better part of a day. But if Democrats remain united, they are in control over whether the bill passes, despite any GOP efforts.
(6)
(0)
PO3 Edward Riddle
Thank You Brother Steve for your comments to SFC Bernard Walko. This just proves she's nothing but a senate whore.
(1)
(0)
8
8
0
Slade - Mama Weer All Crazee Now
Recorded off the Slade 1972 album "Slayed?", track 8: Mama Weer All Crazee Now
(8)
(0)
7
7
0
I believe history will record this as the beginning of the end of the United State. Inflation and democrats will ensure the destruction of this country.
(7)
(0)
Read This Next
Continue with Facebook 
Continue with Google