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Burgess Everett @burgessev
Good noon. Senate is in session. Reconciliation tax piece, including revamped corporate income tax, is OKed by parliamentarian, per source -EV/clean energy OK - Most Rx OK, inflation rebate on private sector out - EPW and methane fee OK. - Insulin probs a 60-vote threshold — PolitiTweet.org
Burgess Everett @burgessev
Carper says EPW title, including methane fee, passed through parliamentarian “I am especially pleased that our methane emissions reduction program, environmental justice block grants, and climate bank provisions were approved.” Waiting on insulin. Unclear what’s going on there — PolitiTweet.org
Burgess Everett @burgessev
This basically means if prices rise faster than inflation Medicare gets a rebate but that does not apply to private sector/commercial now — PolitiTweet.org
Burgess Everett @burgessev
Schumer says Parl mostly rules for Dems: “For the first time, Medicare will finally be allowed to negotiate prescription drug prices, seniors will have free vaccines and their costs capped, and much more … there was one unfortunate ruling” limiting scope of inflation rebate — PolitiTweet.org
Burgess Everett @burgessev
Wyden says “The Finance Committee’s clean energy tax package adheres to Senate rules, and important provisions to ensure our clean energy future is built in America have been approved by the parliamentarian.” Waiting on prescription drug reform — PolitiTweet.org
Burgess Everett @burgessev
@NickRiccardi please don't delete this typo I really like it — PolitiTweet.org
Burgess Everett @burgessev
Cortez Masto, Kelly and Bennet announce $4 billion drought funding in reconciliation bill. Those three are up for re-election. This was also an ask of Sinema. — PolitiTweet.org
Burgess Everett @burgessev
This thing is the size of a large dachshund https://t.co/nAnGl9yetz — PolitiTweet.org
Burgess Everett @burgessev
Georgia Avenue watermelon pick-up truck transaction "I'll take one watermelon" "OK, one watermelon and three cantaloupes is $25" "Just the watermelon" "$15" hand him $20 "do you have a $5?" "No, sorry" Hands me a watermelon and two cantaloupes — PolitiTweet.org
Burgess Everett @burgessev
https://t.co/ATReJo7NFf — PolitiTweet.org
Burgess Everett @burgessev
Colorado Republican Senate nominee Joe O'Dea says on Colorado radio that he won't support Trump 2024 "I hope he doesn't run" "I wouldn't support him running again" — PolitiTweet.org
Burgess Everett @burgessev
Times have changed! Here's an article from 15 years ago that has Schumer resisting some tax changes that would hit NY finance industry https://t.co/EUYevyRQnB — PolitiTweet.org
Burgess Everett @burgessev
Schumer said stock buyback excise tax brings in $74 billion and the corporate min tax after changes to depreciation brings in $258 billion, confirming these rough estimates from last night — PolitiTweet.org
Burgess Everett @burgessev
Per two sources, the deal with Sinema may actually slightly increase deficit reduction figure Removes carried inte… https://t.co/SeXf3aZvMx
Burgess Everett @burgessev
According to Schumer, Sinema said she would not support the reconciliation bill if it included the narrowing of the carried interest loophole — PolitiTweet.org
Burgess Everett @burgessev
Schumer says he kept the Senate out of session to give parliamentarian all day to review the SineManchumer Act — PolitiTweet.org
Burgess Everett @burgessev
@LPDonovan That’s what I have for the $ on the changes are being made. Hard to know for sure without more paper — PolitiTweet.org
Burgess Everett @burgessev
@StevenTDennis was waiting for this — PolitiTweet.org
Burgess Everett @burgessev
@marianne_levine The deal is also expected to include the $5 billion Sinema wanted for drought resiliency, according to a source familiar. Oh yeah, and she got a Circuit Court judge confirmed today — PolitiTweet.org
Burgess Everett @burgessev
Per two sources, the deal with Sinema may actually slightly increase deficit reduction figure Removes carried interest ($14b) and accelerated depreciation (about $40 b) But 1 percent stock buyback excise brings in $73 billion https://t.co/wshEqLzErX @marianne_levine — PolitiTweet.org
Burgess Everett @burgessev
@marianne_levine MORE: The deal changes the corporate minimum tax structure to remove accelerated depreciation from the agreement, according to a source familiar. — PolitiTweet.org
Burgess Everett @burgessev
More here with @marianne_levine https://t.co/wshEqLzErX — PolitiTweet.org
Burgess Everett @burgessev
The deal with Sinema includes a new excise tax on stock buybacks that will bring in more than the $14 billion raised by the carried interest provision, according to a Democrat familiar with the agreement. The deficit reduction figure remains about $300 billion. — PolitiTweet.org
Burgess Everett @burgessev
Schumer says it's basically a done deal “I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference." Says it "preserves the major components of" deal with Manchin — PolitiTweet.org
Burgess Everett @burgessev
! Sinema signs off on modified reconciliation deal "Remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate's budget reconciliation legislation. Subject to the Parliamentarian's review, I'll move forward." — PolitiTweet.org
Burgess Everett @burgessev
Manchin after joining Sullivan and Rs on rolling back NEPA regs: "I hope every Republican that voted for this legislation today will support the bipartisan permitting reform bill when it comes before the Senate in September.” — PolitiTweet.org
Burgess Everett @burgessev
Reconciliation schedule: Saturday, vote to proceed per Schumer. Then debate time and vote-a-rama Parliamentarian ruling soon on key provisions Sinema: ????? Has two key asks, was just chatting with Manchin -- who was quite animated https://t.co/wshEqLzErX @marianne_levine — PolitiTweet.org
Burgess Everett @burgessev
@rcohen @StevenTDennis Counterpoint: Steve do eat that — PolitiTweet.org
Burgess Everett @burgessev
I leave my stupid typos because sometimes it feels good to laugh — PolitiTweet.org
Burgess Everett @burgessev
*Schumer, not Senate. sigh... — PolitiTweet.org
Burgess Everett @burgessev
NEWS: Senate says the Senate will reconvene on Saturday and vote on the motion to proceed on reconciliation — PolitiTweet.org
