Manu Raju

@mkraju ↗

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Last Checked Sept. 13, 2022

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Sun Aug 07 17:36:41 +0000 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

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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

If the Thune plan is adopted, it could cause problems for several Democrats in the House -- primarily from coastal districts -- who have campaigned on the effort to repeal the limits on the SALT deduction, not extend them. Dems now talking about a way to resolve this — PolitiTweet.org

Posted Aug. 7, 2022