"Democrat" Senator Sinema Sides with GOP to GUT Proposed Corporate Tax Hike in New Inflation Bill

Democrats removed a provision closing the socalled carried interest tax loophole for money managers from the climate and tax reform bill because Sen. Kyrsten Sinema threatened to block the legislation otherwise. Ana Kasparian discusses on The Young Turks. Watch LIVE weekdays 68 pm ET.

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"Sen. Kyrsten Sinema announced late Thursday that she has agreed to back Democrats' new reconciliation bill, but only after securing changes to a proposed levy on major corporations and forcing the removal of a provision targeting a notorious tax loophole exploited by rich investors.

In a statement, Sinema (D-Ariz.) said that she and the Democratic leadership agreed to strip out "the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate's budget reconciliation legislation.”

"Subject to the parliamentarian's review, I'll move forward," said Sinema, a key holdout whose vote is necessary to pass the so-called Inflation Reduction Act, a roughly $740 billion bill that includes renewable energy

investments, drug price reforms, health insurance subsidies, and giveaways to the fossil fuel industry, which were added to win the support of right-wing Sen. Joe Manchin (D-W.Va.)"

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