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Sen. Kyrsten Sinema signs off on Democrats' big agenda bill, paving the way for Senate passage

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cnbc.com

Sen. Kyrsten Sinema signed off on sweeping Democratic legislation Thursday addressing climate, health care and taxes, all but ensuring passage of the bill in the Senate.

The Arizona Democrat said her support came after Democrats removed a provision on closing the so-called carried interest tax loophole that helps wealthy private equity and hedge fund managers pay lower taxes. «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 in a statement Thursday. «Subject to the Parliamentarian's review, I'll move forward.» Sinema's comments on the bill, known as the Inflation Reduction Act, come after it won the approval of Sen.

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