\u0022Wall Street has donated over $2 million to Sinema since she took office in 2017,\u0022 said one political observer. \u0022Looks like they are getting a huge return on their investment.\u0022
Tuesday, a prominent member of the Koch network launched ads urging Sinema to tank her own party's bill, which includes major renewable energy investments and limited drug price reforms.pointed out that"the changes Sinema is seeking could end up shaving tens of billions—or more—of revenue from the bill."
"That would likely mean that Democrats would have to cut into some of the roughly $300 billion worth of deficit reduction in the bill," the outlet noted,"or trim some of the spending on climate and health initiatives."released Wednesday, the Congressional Budget Office determined the bill would shave $102 billion off the federal deficit over ten years.
Sinema's support, along with that of every other member of the Senate Democratic caucus, is needed to get the legislation over the finish line.endorsing the Inflation Reduction Act, nearly 130 leading economists including Joseph Stiglitz of Columbia University argued that the bill in its current form"would be more than fully paid for."
"The revenue raised to finance them would come exclusively from wealthy individuals and corporations," the economists wrote."Further, the revenue stems from enhanced tax enforcement and closing some of the most distortionary loopholes in the tax code."
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sen. Sinema agrees to 'move forward' on Democrats' energy, drugs billU.S. Senator Kyrsten Sinema said in a statement on Thursday night she has agreed to 'move forward' on Democrats' climate, tax and healthcare legislation.
Weiterlesen »
Kyrsten Sinema agrees to compromise on inflation billSen. Kyrsten Sinema agreed Thursday night to “move forward” with her fellow Democrats on the scaled-back Inflation Reduction Act that another holdout Democrat, Sen. Joe Manchin, agreed …
Weiterlesen »
Sinema Wants to Prevent Closure of Tax Loophole for Rich in Reconciliation BillTrue to her funders, Sen. Kyrsten Sinema is pushing Wall Street interests in relation to the reconciliation package.
Weiterlesen »
‘And I Want Your Tie Too,’ Says Sinema, Giving Biden Conditions Of Her Support For BillWASHINGTON—Pulling no punches in her negotiations with the president, Sen. Kyrsten Sinema (D-AZ) demanded Joe Biden’s tie as one of the conditions for her support of the Inflation Reduction Act, sources confirmed Wednesday. “Look, what I’m trying to say is that I’m not opposed to closing the carried interest…
Weiterlesen »
Arizona Sen. Kyrsten Sinema Agrees To Back Inflation Reduction ActSen. Kyrsten Sinema (D-AZ) agreed Thursday night to “move forward” on the Inflation Reduction Act, clearing the way toward a potential passage of the spending bill if another holdout Democrat does …
Weiterlesen »
Sen. Kyrsten Sinema agrees to 'move forward' on Inflation Reduction Act, giving Senate Democrats final hold-out voteSen. Kyrsten Sinema, D-Ariz., said she would 'move forward' on a sweeping package of initiatives to combat climate change, lower drug prices and pare back the deficit, giving Senate Democrats the votes they need to pass the Inflation Reduction Act.
Weiterlesen »