Republican budget nerds reviewing the latest reconciliation bill still believe they can knock out certain provisions. MacDonough broke the hearts of progressives on several occasions last year, including when she nixed the minimum wage from the Covid relief bill, which was passed using reconciliation, and rejected three different versions of immigration reform from the Democratic reconciliation bill that was eventually scrapped in December. SPEAKING OF THAT - The biggest remaining obstacle for the Democrats is now Senate Parliamentarian ELIZABETH MACDONOUGH, who will continue to host Democratic and Republican aides behind closed doors today (no press allowed) to scrub the reconciliation bill for potential violations of the Byrd Rule. Sinema’s statement: "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.”Īnd she added a very important caveat: “Subject to the parliamentarian’s review, I’ll move forward.” Schumer said he would move forward with the bill on Saturday, and warned of “some late nights and extended debates.” Now what?Senators will take today off as Byrd Bath discussions continue (see below). Desai was nominated only two months ago, a lightning-quick confirmation for the Senate.” The changed deal would preserve the benefit of accelerated depreciation for at least some manufacturers, according to people familiar with the deal.”īurgess and Marianne also note this interesting bit of timing: “And it comes hours after was on the floor whipping colleagues to support the final confirmation of ROOPALI DESAI, her nominee to fill an open circuit court judgeship. … Manufacturers had raised concerns that the original corporate minimum tax proposal would negatively affect their businesses by deferring or denying the benefit of accelerated depreciation. Sinema, Democrats will pare back elements of a 15% minimum tax on large, profitable corporations. WSJ’s Andrew Duehren adds : “Under the changes negotiated with Ms. All told, the agreement with Sinema is expected to increase the bill’s original $300 billion deficit reduction figure.” That depreciation-related change will cost about $40 billion. What else she got: “The deal with Sinema also adds roughly $5 billion in drought resiliency to the bill, according to another person familiar, and changes portions of the corporate minimum tax structure to remove accelerated depreciation of investments from the agreement. Instead, Burgess Everett and Marianne LeVine report, Democrats added “a new 1 percent excise tax on stock buybacks that will bring in $73 billion, far more than the $14 billion raised by the carried interest provision, according to a Democrat familiar with the deal.” Democrats wanted to raise $14 billion by narrowing the carried interest loophole. KYRSTEN SINEMA (D-Ariz.) and Majority Leader CHUCK SCHUMER reached a deal last night to secure her vote for the reconciliation bill. Yesterday, the White House called the anticipated drop an expected “transition” from “record-high-breaking jobs numbers” to “stable and steady growth.”
The economy added 372,000 jobs in June, and economists are predicting a gain of 250,000 jobs for July. NEW JOBS REPORT - The July unemployment report drops at 8:30 a.m. | Drew Angerer/Getty Images DRIVING THE DAY
Kyrsten Sinema (D-Ariz.) and Majority Leader Chuck Schumer reached a deal last night to secure her vote for the reconciliation bill. In a major victory for Senate Democrats, Sen.
0 kommentar(er)
