Sen. Kyrsten Sinema, D-Ariz., said she would 'move forward' on a sweeping package of initiatives to combat climate change, lower drug prices and pare back the deficit, giving Senate Democrats the votes they need to pass the Inflation Reduction Act.
holdout on the bill, said she negotiated the removal of a provision to increase taxes on carried interests targeting wealthy investors, resolving a key difference that had held back her support.Her backing sets up a final version of the bill to be introduced Saturday,Senate Majority Leader Chuck Schumer, D-N.Y., said he's"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.
"Tonight, we’ve taken another critical step toward reducing inflation and the cost of living for America’s families," Biden said in a statement late Thursday."I look forward to the Senate taking up this legislation and passing it as soon as possible."
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