Sinema Announces Support for Democrats’ $740 Billion Tax-and-Spend Bill After Manchin Strikes Deal with Schumer


Democrat Senator Kyrsten Sinema (AZ) said she will support the Democrats’ $740 billion tax-and-spend bill.

Sinema was the last Democrat holdout after that Manchin struck a deal with Schumer.

Last week Sinema dodged questions from reporters when asked if she would join Manchin and move the bill forward.

TRENDING: BREAKING: Election Desk HQ, AP Call the Race — KARI LAKE WINS GOP PRIMARY IN ARIZONA! …Update: Kari Wins EVERY COUNTY in Arizona!

Sinema’s announcement comes after Democrat Senator Joe Manchin negotiated a deal with Schumer to support the bill.

Manchin on Sunday absurdly claimed Biden’s ‘inflation reduction act’ lowers energy costs and doesn’t raise taxes.

Manchin is lying.

The new spending bill does the complete opposite.

Penn Wharton, Moody’s and the Tax Foundation all said the new bill will NOT reduce inflation.

“The Democrats’ Bidenflation Scam would INCREASE taxes on oil by $25B. And as inflation goes up, so does the tax!” the RNC said. “Natural gas is not spared either. Industry experts warn the methane tax in the bill would increase natural gas costs by 17%, or $100 a year for the average family.”

The tax-and-spend bill will be passed through budget reconciliation (no Republican votes needed) so it still needs approval from the Senate Parliamentarian.

“Subject to the Parliamentarian’s review, I’ll move forward,” Sinema said.

According to USA TodaySinema “said she negotiated the removal of a provision to increase taxes on carried interests targeting wealthy investors, resolving a key difference that had held back her support.”

“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 Senate will vote on the ‘Inflation Reduction Act’ on Saturday.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *