Manu Raju

@mkraju ↗

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Last Checked Sept. 13, 2022

Created

Sun Aug 07 18:45:13 +0000 2022

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Manu Raju @mkraju

Since Sinema is supporting the John Thune amendment that would cause a revolt in the House, because it would extend the limitation on SALT deductions, the corporate minimum tax, Democrats now are planning an alternative proposal. — PolitiTweet.org

Posted Aug. 7, 2022

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Manu Raju @mkraju

To avoid a last-minute collapse of the bill, Democrats have found an alternative plan to win over Sen. Kyrsten Sinema who has concerns over the 15% corporate minimum tax's impact on subsidiaries owned by private equity firms, per sources. Bill now on track for final passage. — PolitiTweet.org

Posted Aug. 7, 2022

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Manu Raju @mkraju

Dems will accept the narrowing of the 15% percent corporate minimum tax. But instead of paying for it through the SALT change, they instead will extend the limitation on the amount of losses that businesses can deduct for another two years. A source says it would raise about $50B — PolitiTweet.org

Posted Aug. 7, 2022