Major Media Mogul Headed to See the Disaster at the Border
There's an Update on Biden's Health Status
A Republican Senator Joined the UAW Picket Line. This is Why.
Well, This Poll About Liberals' Support for Free Speech Is Quite Disturbing
Biden State Department Launches Taxpayer-Funded Attack on Fossil Fuels
Is This the 'Escape Hatch' to Avoid a Government Shutdown?
Energy Secretary Under Investigation for Disastrous Electric Vehicle Road Trip
Dem Senators to Bob Menendez: It's Time to Say Adios to Your Political...
We Should Be at War Against Mexico and Venezuela
Who's to Blame for a Potential Shutdown? Here's What Voters Had to Say.
Biden Admin Says Low-Income Women, Kids Would Lose Support During a Shutdown But...
I Am Running for Congress in North Carolina to Fix Our National Educational...
House Judiciary Hearing Highlights Surging Violent Crime in Chicago
United Auto Workers Strike: Have Unions Finally Made Detroit an Offer It Has...
Here's Why Democrats in New Jersey Are Changing Their Tune on Illegal Immigration

Sinema and Schumer Make a Deal on 'Inflation Reduction Act'

AP Photo/Manuel Balce Ceneta

After days of "angst and fear" for Democrats as they waited to find out the fate of their latest attempt to pass a significant chunk of President Joe Biden's "Build Back Better" social spending plan, Senator Kyrsten Sinema (D-AZ) announced Thursday night that she was on-board with the tax increases and increased spending contained in the falsely named "Inflation Reduction Act" — with some minor edits. 


"We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate's budget reconciliation legislation," Sinema said Thursday evening. "Subject to the Parliamentarian's review, I'll move forward," she said. 

"Following this effort, I look forward to working with Senator Warner to enact carried interest tax reforms, protecting investments in America's economy and encouraging continued growth while closing the most egregious loopholes that some abuse to avoid paying taxes," Sinema added. 

Senate Majority Leader Chuck Schumer (D-NY) — who negotiated the deal with Senator Joe Manchin (D-WV) while excluding Sinema — celebrated the deal that has been analyzed to not only do absolutely nothing to reduce inflation but break a key Biden promise by burdening Americans making less than $400,000 with new taxes.

"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," Schumer said in an optimistic statement. "The agreement preserves the major components of the Inflation Reduction Act," he said.


Schumer announced earlier on Thursday that the legislation is scheduled to be introduced on Saturday, after which debate will ensue along with the vote-a-rama on Sunday before a vote on final passage.

Join the conversation as a VIP Member


Trending on Townhall Videos