Manu Raju

@mkraju ↗

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Last Checked Sept. 13, 2022

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Sun Aug 07 17:36:39 +0000 2022

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Manu Raju @mkraju

The issue has been percolating since Saturday after Sinema discovered language in bill showing how subsidiaries of companies owned by private equity firms could be hit by the 15% tax if their combined book income exceeds $1 billion. Source says it wasn't in original draft — PolitiTweet.org

Posted Aug. 7, 2022

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Manu Raju @mkraju

Some new Democratic drama as they try to move to final passage this afternoon: Kyrsten Sinema is likely to back a Thune amendment to make some exemptions for businesses affected by the new 15% corporate minimum tax -- and Dems are scrambling, per multiple sources — PolitiTweet.org

Posted Aug. 7, 2022

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Manu Raju @mkraju

Sinema wants to kill that language from the bill. But if that is dropped, it would lose $35 billion in revenue -- potentially eating away at the $300 billion in deficit savings that Sen. Joe Manchin has made central of his push to back the bill. — PolitiTweet.org

Posted Aug. 7, 2022