“Republican senators and the business community are mounting a full-court press on Sen. Kyrsten Sinema to sink — or substantially change — the Democrats’ economic package, arguing in private conversations that the new tax increases would hurt companies in her home state of Arizona,” CNN reports.
Politico reports Sinema “wants to nix language narrowing the so-called carried interest loophole, which would change the way some investment income is taxed. Cutting that provision would ax $14 billion of the bill’s $739 billion in projected revenue.”
“Sinema also wants an add. She’d like roughly $5 billion in drought resiliency funding added to the legislation, a key ask for Arizona given the state’s problems with water supply.”
