Manu Raju

@mkraju ↗

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Last Checked Sept. 13, 2022

Created

Sun Aug 07 17:36:40 +0000 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

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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

This is the problem for Dems: Sinema is likely to back an amendment by Thune to exempt those companies from the corporate minimum tax. But to pay for the lost revenue, Thune's plan proposes to extend the limitation on SALT deductions through 2026. Current law goes through '25. — PolitiTweet.org

Posted Aug. 7, 2022