Aug. 4, 2022: Why the left is quiet about Manchin’s reconciliation deal

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🗓️ 4 August 2022

⏱️ 5 minutes

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Summary

As the Senate moves onto the Inflation Reduction Act, bipartisanship is not in the cards. The two biggest obstacles remaining before Majority Leader Chuck Schumer can celebrate the best end of summer Labor Day party of his life are Sen. Kyrsten Sinema (D-Ariz.) and Senate Parliamentarian Elizabeth McDonough. The latest reporting suggests that Sinema is eyeing three changes: — Burgess Everett and Marianne LeVine scooped yesterday that Sinema wanted to (1) nix the carried interest loophole pay-for, which represents less than 2% of the financing for the bill, and (2) add some $5 billion in drought resiliency funding. — WaPo’s Tony Romm and Jeff Stein add that Sinema also seems to be (3) questioning the bill’s corporate minimum tax, an idea she seemed to endorse last year, though “discussions are fluid” and her “exact requests are unclear.” Bloomberg and Axios also have similar stories with an equally cloudy picture of what exactly she wants to do on the corporate minimum tax. But everyone seems to agree she’s talking to a lot of Arizona business interests about the bill’s tax provisions. Meanwhile, Caitlin Emma and Marianne Levine report that there are at least four policies in the reconciliation bill that their sources believe could be vulnerable to a Byrd Rule challenge before MacDonough, who, as Senate Parliamentarian, is the second most powerful person in Washington (after Sinema) for the next week or so. Subscribe to the POLITICO Playbook newsletter Raghu Manavalan is the Host of POLITICO's Playbook.Jenny Ament is the Executive Producer of POLITICO Audio.

Transcript

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0:00.0	Presented by Blackstone.
0:02.8	Hey, good morning, playbookers on Raguamun Nivalin. It's Thursday. Today's show, the obstacles that remain when it comes to reconciliation.
0:10.6	It's her Politico Playbook Daily Briefing.
0:16.1	There are still two big obstacles remaining before Senate Majority Leader Chuck Schumer when
0:21.2	it comes to reconciliation.
0:23.1	One, Senator Kirsten SINEMA, and two, Senate parliamentarian Elizabeth McDunna.
0:27.9	The latest reporting suggests that cinema is eyeing three changes.
0:31.8	Politico's, Burgess Everett and Marianne Leveen, scooped yesterday that cinema wanted to mix
0:36.2	the carried interest loophole pay for,
0:38.1	which represents less than 2% of the financing for the bill and adds some $5 billion in drought
0:43.2	resiliency funding.
0:44.6	Tony Roman Jeff Stein from the Washington Post ad, but Sinma also seems to be questioning
0:48.9	the bill's corporate minimum tax, an idea she seemed to endorse last year that, quote,
0:55.2	discussions are fluid and her, quote, discussions are fluid,
0:57.7	and her, quote, exact requests are unclear.
1:02.8	Bloomberg and Axel's also have similar stories with an equally cloudy picture of what exactly she wants to do on the corporate minimum tax.
1:05.1	But everyone seems to agree she's talking to a lot of Arizona business interests about the bill's tax
1:10.2	provisions.
1:10.9	Meanwhile, but because Caitlin Emma and Marianne Levine report, She's talking to a lot of Arizona business interests about the bill's tax provisions.
1:15.8	Meanwhile, but it goes Caitlin Emma and Marianne Levine report that there are at least four policies in the reconciliation bill that their sources believe could be vulnerable to a bird
1:20.9	rule challenge before McDonough, a Senate parliamentarian, is the second most powerful person in
1:26.1	Washington after cinema for the next week or so.
	...

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