What Does Sinema Want, Besides Attention?

The famous Eff-off Sen. Sinema and her eff-off ring

And now we turn our attention to the Terrible Sand Kingdom of Arizonastan, as we must try to figure out WTF is going on with their new maverick, the reliably bought-and-stays-bought Kirsten Sinema:

[Sen. Kyrsten Sinema] is seeking to preserve a tax break for investment managers and narrow a levy hike on large corporations in the economic package Democrats want to pass as soon as this week.

The Arizona Democrat, a pivotal vote in the Senate, is asking to drop a provision from the bill that would scale back a tax break for fund managers, known as carried interest… She is also pushing to narrow the 15% domestic minimum tax on financial profits, also known as the book tax.

Sinema has been heavily lobbied by corporate America since the IRA went public, and now it looks like she wants to eliminate scaling back the carried interest loophole, which would change the way hedge funders investment income is taxed. As we noted, this is quite narrow, and clearly benefits a donor. Just saying.

Cutting that provision takes about $14B ameros off the table and would, you know, perpetuate an unfair tax code.

Reportedly, Sinema also wants $5 billion in drought resiliency funding added to the bill, which seems reasonable enough in the TSKoA, and fits in the general theme of climate change.

Tiger Beat on the Potomac morning email thingie notes that there is still another rocky shore: the senate parliamentarian:

Meanwhile, Caitlin Emma and Marianne LeVine report that there are at least four policies in the reconciliation bill that their sources believe could be vulnerable to a Byrd Rule challenge before MacDonough, who, as Senate Parliamentarian, is the second most powerful person in Washington (after Sinema) for the next week or so:

  • Capping out-of-pocket costs for insulin.
  • A plan “to penalize drug companies when they raise prices on those with private health insurance.
  • Restrictions on electric car tax credits that require eligible vehicles to have batteries “made with materials from the U.S. or countries that have trade agreements with the U.S.” (Sen. DEBBIE STABENOW (D-Mich.) wants to make the EV tax credit limits less stringent for non-Byrd Rule reasons, report Bloomberg’s Ari Natter and Erik Wasson.)
  • “A requirement that the Interior Department must auction at least 2 million acres of land within a year for onshore oil and gas leases before allowing for solar and wind projects on public lands.”

 

So we still have a lot of eff’ery to come.

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8 Responses to What Does Sinema Want, Besides Attention?

  1. Mike B. says:

    Getting rid of the last one would be great, but it was one of the things Manchin required for his vote. That and “reforming” the permitting process, so he can get his precious W. Virginia gas pipeline more quickly (and his buddies can get theirs), and credits for making fossil fuels (like coal) cleaner, even if they’re still plenty dirty. He didn’t cave, he just made sure we the “climate change bill” didn’t leave out continuing to use fossil fuels.

    Liked by 2 people

  2. Stony Pillow says:

    If/when this collapses, I hope somebody asks good ole Chuck Schumer (D-Wall Street) why he didn’t negotiate dir with both of them at once, at the beginning of this Congress. You can only pretend so many times.

    We need a Senate Majority leader that represents us. When the clock runs out, he orchestrated it.

    Liked by 2 people

    • tengrain says:

      Stony, I’m not a fan of Chuck, and never have been. But I can see that his strategy is to put maximum pressure on Sinema. He’s learned that Manchin doesn’t give, so he worked with him.

      Should we keep the senate, I hope that the Dims find a better leader, but I don’t have a lot of faith. Or hope.

      Rgds,

      TG

      Liked by 2 people

  3. w3ski4me says:

    Whatever happened to the bully pulpit? By God, we need it now.
    w3ski

    Liked by 2 people

  4. Redhand says:

    I simply cannot stand Simena. Aren’t there enough corporate whores on the other side of the aisle? I hope she’s primaried next time she’s up; when, in 2024?

    Liked by 2 people

    • yes. Reuben Gallego has more-or-less promised to primary her.

      If we can get Mark Kelley past Thiel’s Renfield (Blake MasterRace) this election (and FINLLY get him in for a full term!) we’ll have a real shot at kicking her ass to the curb, particularly if the TTSKoA’s GQP continues to be insane.

      Liked by 2 people

  5. Redhand says:

    kicking her ass to the curb

    I like the sound of that, figuratively speaking, of course. IOW GTFOH!

    Liked by 1 person

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