Senator Schumer: Carried Interest Provision Removed to Secure Senator Sinema's Support
Senator Schumer says the carried interest provision in the Inflation Reduction Act was removed to help secure the backin…
Senate Majority Leader Chuck Schumer (D-NY) predicted all 50 Democrats would vote on a sweeping proposal to address climate change, inflatio… read more
Senate Majority Leader Chuck Schumer (D-NY) predicted all 50 Democrats would vote on a sweeping proposal to address climate change, inflation, energy costs, health care, and taxes. The leader said he secured the last vote after negotiating with Senator Kirsten Sinema (D-AZ) to remove a provision that would have closed a tax loophole used by hedge fund managers and others. “Senator Sinema said she would not vote for the bill, not even move to proceed, unless we took it out. So we had no choice,” said the leader. “We’re adding in an excise tax on stock buybacks that will bring in $74 billion dollars.” He said progressive lawmakers were “excited” about the stock buyback provision. close
For quick viewing, C-SPAN provides Points of Interest markers for some events.
Click the play button and tap the screen to see the at the bottom of the player. Tap the to see a complete list of all Points of Interest - click on any moment in the list and the video will play.
For quick viewing, C-SPAN provides Points of Interest markers for some events.
Click the play button and move your cursor over the video to see the . Click on the marker to see the description and watch.
You can also click the in the lower left of the video player to see a complete list of all Points of Interest from this program - click on any moment in the list and the video will play.
Senator Schumer says the carried interest provision in the Inflation Reduction Act was removed to help secure the backin…
Senate Majority Leader Chuck Schumer holds a news conference following passage of the Democrats' budget reconciliation b…
Jeremy Dillon talked about the climate provisions in the Inflation Reduction Act.
President Biden gave an overview of the Inflation Reduction Act of 2022. He said the legislation includes the following:…
Senator Richard Blumenthal (D-CT) spoke on the chamber floor about climate change and the environment.