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Friday, August 05, 2022

Dems To Pass Inflation Reduction Bill!

White nationalist Sinema finally agrees to back Biden bill.

After months of negotiations with the two white nationalist Democrats, the majority will finally vote through reconciliation. The president also got the veterans burn pit bill passed. 

President Joe Biden has huge wins with a handful of days before the Midterms.

Sen. Karen Manchin (D-WV) and Sen. Karen Sinema (D-AZ) finally got on board with the Democrats in getting a bill through. Of course, they forced a handful of policies the Squad, Sen. Elizabeth Warren (D-MA) and Sen. Bernie Sanders (I-VT) out.

Senate Democrats on Thursday were said to have clinched an agreement to approve a legislative package carrying many of their domestic priorities on climate, healthcare, and 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," Senate Majority Leader Chuck Schumer (D-NY) said in a statement, referring to the $740 billion spending bill he secretly negotiated with Manchin.

Schumer got pain in the ass Sinema to get on board.

Schumer said the deal "preserves the major components" of the legislation. The package would still allow Medicare to negotiate the price of some prescription drugs, establish over $300 billion in clean-energy tax credits, and extend financial assistance so Americans can purchase health coverage under the Affordable Care Act for three more years. Those made up the core pieces of the Manchin-Schumer bill.

Senate Democrats need Sinema's vote to approve the bill over GOP opposition using budget reconciliation. The process allows senators to pass certain types of legislation with a simple majority, which Democrats have just barely, wielding the tiebreaking vote from Vice President Kamala Harris in the 50-50 chamber.

In a statement, Sinema said Democrats had ejected a provision to narrow the carried-interest loophole benefiting private equity and hedge fund managers. She had long been opposed to closing the loophole, conflicting with Manchin's ardent desire to narrow it.

"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.

She added that she was willing to advance the legislation, known as the Inflation Reduction Act, pending further review from a top Senate official to ensure it complies with reconciliation's strict rules. Sinema said she wanted to deal with carried interest later, but it seems unlikely Republicans would lend support for narrowing or closing the loophole.

Flipper opposed burn pits and inflation reduction bill.

Removing carried interest knocks out roughly $14 billion in revenue from Manchin's bill. But a Democrat familiar said a stock-buyback tax had been added to the legislation. It would impose a 1% tax when a public firm buys its own shares as a way to raise the stock price and enrich shareholders. It's expected to raise a lot more money, the person said on condition of anonymity.

Schatz praised the climate provisions that appear to be on a path to final passage sometime early next week. "We have a climate deal that is equal to the moment," he wrote on Twitter. "It is both enormous and not enough, it is both historic and only a down payment. This is the fight of our political generation, so this isn't over."

Pressure from veterans groups and comedian Jon Stewart led to the PACT Act being passed and the president signing it into law.

Eleven Republican senators voted Tuesday against a bipartisan measure, the PACT Act, that is designed to help veterans who were exposed to toxic chemicals while deployed abroad.

The bill was approved in the Senate by a vote of 86-11 a week after 41 Republicans elected to stall the final passage of the measure, citing concerns over its cost. Twenty-five Republicans who voted against the bill last week voted for a nearly identical version of the legislation in June.

The effort to block the legislation caused an uproar among veterans groups, with critics arguing that aid for veterans was being held hostage over GOP opposition to another measure, the Inflation Reduction Act, which includes significant amount of money to combat climate change and lower health care costs. 

Karen Romney of Utah

Karen Paul of Kentucky

Karen Crapo of Idaho

Karen Lankford of Oklahoma

Karen Lee of Utah

Karen Lummis of Wyoming

Karen Risch of Idaho

Karen Shelby of Alabama

Karen Toomey of Pennsylvania

Karen Tuberville of Alabama

Karen Tillis of North Carolina

Jon Stewart has long addressed the bullshit of government.

The bill voted on passed with an 86-11 on Tuesday to provide billions of dollars in new aid to military veterans who were exposed to burn pits and other sources of potentially lethal toxins while deployed abroad.

The PACT Act will expand health coverage for an estimated 3.5 million former soldiers who served in Iraq and Afghanistan, where burn pits were used to dispose of trash, sewage, and medical waste, exposing those nearby to toxins that have been linked to respiratory issues and cancer. The bill also helps soldiers who were exposed to Agent Orange in Vietnam.

Veterans groups had complained that, under existing law, many have had their claims for care from the Department of Veterans Affairs were denied because they were unable to directly link their ailments to their deployments. The new legislation stipulates that the burden of proof is removed for all who suffer illnesses potentially related to burn-pit exposure.

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