Sinema accepts climate and tax deal, clearing way for votes

WASHINGTON — Senator Kyrsten Sinema, Democrat of Arizona, announced Thursday evening that she would support the advancement of her party’s climate, tax and health care package, paving the way for a major item on the national agenda of the President Biden to move to the Senate in the coming days.

To win Ms Sinema’s support, Democratic leaders agreed to scrap a $14 billion tax hike on some wealthy hedge fund managers and private equity executives she had opposed. In a statement, Ms Sinema said she had also secured the inclusion of changes that would “protect advanced manufacturing and boost our clean energy economy”, but did not provide details.

Ms Sinema said she was ready to move forward with the package, provided senior Senate rules officials approved it.

Ms Sinema had been the latest to resist the package after Sen. Joe Manchin III, Democrat of West Virginia, struck a deal with top Democrats last week that resurrected a plan that appeared to have collapsed.

That brought Democrats closer to enacting the package and reclaiming key elements of their national agenda, starting with a series of votes this weekend. It came just over a week after Mr. Manchin and Senator Chuck Schumer of New York, the Majority Leader, stunned their colleagues with a deal to include hundreds of billions of dollars for climate and energy programs and tax increases in legislation, in addition to a proposal to reduce the price of prescription drugs and expand health insurance subsidies.

The measure needs the unanimous support of Democrats to advance in the Senate 50-50, so the party cannot afford a single defection.

Mr Schumer confirmed in a statement that he had reached an agreement “which I believe will receive the support of the entire Senate Democratic conference”. He said the revised legislation would be released on Saturday.

“The agreement preserves the main components of the The Curbing Inflation Act, including cutting prescription drug costs, tackling climate change, closing tax loopholes operated by big business and the wealthy, and reducing the deficit,” he said. -he declares. The agreement “will bring us closer to the enactment of this historic legislation”.

Alan Rappeport contributed report.


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