Sen. Kyrsten Sinema, D-Ariz., announced on Thursday she would "move forward" on the Democrats' Inflation Reduction Act after successfully lobbying to strip a tax measure targeting wealthy investors and scale back another tax aimed at big corporations.
Sinema, who has stayed mum on her views on the climate and health care deal cut by Sen. Joe Manchin, D-W.Va., and Senate Majority Leader Chuck Schumer, D-N.Y., pushed to eliminate a provision tightening a loophole allowing hedge funds and private equity managers to pay lower tax rates. Sinema, who was reportedly miffed she was left out of negotiations, said after getting her way on Thursday that she would support the deal as long as the Senate parliamentarian signs off.
