After Joe Manchin agreed with Chuck Schumer on the party-line tax, health care and energy bill, the West Virginia Democrat found himself bargaining with fellow moderate Kyrsten Sinema
was the Democrat with all the leverage. At the end, even he had to cede some ground.party-line tax, health care and energy bill. Both hard-nosed negotiators, the Arizona Democrats’ business-friendly tax-approach clashed sharply with Manchin’s more progressive positions on taxes.
Almost exactly one year after Manchin and Sinema teamed with Republicans to pass a historic infrastructure bill, the two moderates on Sunday cast decisive votes for Democrats’ second piece of the puzzle. It was far smaller than the party’s original $3.5 trillion vision, but larger than the slim health care legislation that lawmakers were considering just two weeks ago.
Twice in full view on the Senate floor, Manchin animatedly conversed with Sinema about his deal, including pieces of the tax legislation that Sinema felt would stymie economic growth in Arizona. Manchin observed of his relationship with Sinema and the tax dispute: “We have more in common than we don’t. I just have a difference on this.” admiringly. “I don’t feel they’ve ever misled me, or said something that was untrue.
“Iran is the greatest proliferator supportive of terrorism in the world, right? And we’re going to give them money? Over my dead body.”By late June, he and Schumer were looking at a package that brought in more than $1 trillion in revenue and spent significantly more than the package that passed Sunday. Sinema’s team was generally clued into that package and she told leaders in mid-July she still didn’t support the carried interest provision.
After that blow up, Democrats coalesced around prescription drug reform and a short extension of Affordable Care Act subsidies, relegating energy, climate change and taxes to the dustbin. Manchin quietly resumed his talks with Schumer just four days later. When they announced their deal on July 27, the Democratic Caucus was triumphant.In fact, Sinema was informed about the deal by No. 2 Republicanon the Senate floor.
But Sinema wasn’t quite done, even after scuttling language that limited business’s ability to write off some investments. When Democrats unveiled the final legislation Saturday, it imposed the 15 percent minimum tax on some businesses owned by private equity. That had been included in previous versions of the legislation but omitted from the initial draft of the deal with Manchin.“I thought we wouldn’t pass the bill,” Schumer said. “It was hard to figure out how to make it work.
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