4/29/2023 0 Comments Shape collage maker chip bewertung![]() ![]() House Speaker Nancy Pelosi will have to get nearly every single House Democrat on board to ensure it passes, corralling progressives who have suggested they oppose some provisions that would provide a boost to corporations.Now, many other House Republicans may also revolt given the Senate leader's sleight-of-hand approach. A huge chunk of the House GOP conference, including leadership, was already planning on voting against the measure.Schumer is also taking a huge risk by doing this now, as it jeopardizes House passage of the China bill. "I think they might want to count their chickens before they start popping champagne corks," he said.John Cornyn (R-Texas) asked Axios' Andrew Solender, adding: "I don’t think it’s a done deal yet." "You think we got sucker-punched?" Sen.The bill ultimately passed on Wednesday with huge GOP support after most members thought a sweeping reconciliation bill was doomed, paving the way for Democrats to push ahead with a more ambitious package.Remember: McConnell threatened to tank "CHIPS-plus" if Democrats pursued a robust reconciliation deal.The intrigue: The timing of this announcement, which came just hours after the Senate passed a $280 billion China competition and chips manufacturing bill, shows how Schumer and Manchin turned the tables on Minority Leader Mitch McConnell. ![]() Schumer said he plans to submit the bill text to the Senate parliamentarian Wednesday night to begin reviewing whether it passes the "Byrd rule" for what can be included in the Senate's budget reconciliation process.If they can successfully get this legislation over the finish line, it'll be a massive victory they can campaign on before November - serving as a possible distraction from the economy and rising inflation."That makes me very hopeful."ĭriving the news: The revival of Build Back Better comes at a crucial time for Democrats, who have been desperate to notch a win on these priorities for over a year now. Elizabeth Warren (D-Mass.) told reporters. Not that they're close to a deal, not that there are some parts to a deal," a giddy Sen. "The good news here is that it is Sen.The big picture: While Manchin's colleagues were fed up with him for killing every attempt so far at passing a major, Democrats-only spending bill, the party can taste a potential legislative victory. And throughout the spring, Sinema shared and encouraged the view that Build Back Better - and any corporate tax increases - was dead.Since Manchin initially killed Biden's Build Back Better agenda in December of 2021, corporate America - which is close to Sinema - didn't see a need to take her temperature on taxes.But that was before inflation took off and the constant chatter about a potential recession subsumed Washington.One of the first signs Sinema wasn't consulted on the Schumer-Manchin agreement was that it included some $14 billion in new revenue from taxing carried interest, which she has indicated she opposes.īetween the lines: Sinema was on record last December supporting the 15% corporate tax rate, which will raise an estimated $313 billion to fund the Democrats' climate priorities."We do not have a comment, as she will need to review the text," a Sinema spokesperson said in the hours after news broke of Manchin's stunning reversal. But much of Washington is flying blind on whether she'll back spending $369 billion on climate and another $64 billion on health care by raising the corporate minimum tax rate to 15%. That decision may not be fatal to winning her support.But as they hammered out the details of their $740 billion reconciliation package - which they rechristened the "Inflation Reduction Act of 2022" - Manchin and Senate Majority Leader Chuck Schumer didn't include Sinema in their secret talks.Why it matters: Solving the Democrats' tax and spending puzzle in the Senate - where President Biden's agenda has stalled for over a year - has always involved two key pieces: Sinema and Sen. Kyrsten Sinema (D-Ariz.) has spent the summer out of the spotlight. ![]()
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