Kyrsten Sinema Throws Inflation Bill into Disarray – The Rogue Senator Just Chopped Enough Out of It to Bury It
By Adam Casalino|August 4, 2022
Kyrsten Sinema Throws Inflation Bill into Disarray – The Rogue Senator Just Chopped Enough Out of It to Bury It

What’s Happening:

Sen. Joe Manchin turned on his state to support a massive spending and tax bill from Chuck Schumer.

If this bill passes, the government will spend billions on “climate change” while raising taxes on most Americans.

But it’s not a done deal yet. And another Democrat senator would spoil the whole thing.

From Axios:

Sinema is the one senator potentially standing in the way of Democrats clinching President Biden’s longtime goal of passing an ambitious package tackling climate change, health care and taxes…

She views the current $369 billion climate and energy portion of the bill as insufficient for addressing threat resiliency funding…

Sinema has concerns with the structure of the 15% corporate minimum “book tax” and whether the burden could get passed down to employees, the sources said.

This new piece of legislation was negotiated behind closed doors by Joe Manchin and Chuck Schumer.

Sinema (and other senators) were not a part of the deal, which could be a reason why she might not support it.

The Democrat has not yet revealed if she supports the bill. But word has come out that she wants to make big changes to it.

She wants to include more money to address—not climate change—but water security back home in Arizona.

The Southwest has been experiencing an unusually hot Summer, with droughts hurting many places.

On top of that, Sinema doesn’t seem totally convinced the new 15% corporate minimum tax is right.

She has expressed concern that, like many times before, this tax will get passed down to workers.

Independent groups who have looked at this new bill revealed that, when you remove Democrats’ gimmicks, will result in tax increases for most Americans.

But just the corporate tax alone can hurt workers. Big companies always have a way of negating a new tax, by raising prices, cutting back goods and services, or by laying off workers.

It’s unclear how Sinema will decide. But if she pushes these and other changes, it could make the bill unattractive to other Democrats.

Her changes could spell doom for Biden’s spending agenda.

Key Takeaways:

  • Sinema is reportedly looking at changes to the spending and tax bill.
  • She apparently wants more money to address water shortages in Arizona.
  • The Democrat is also concerned with the new taxes, which might hurt workers.

Source: Axios

Adam Casalino
Adam Casalino is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal. Find his other work: www.talesofmaora.com
Adam Casalino is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal. Find his other work: www.talesofmaora.com
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