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Aug. 5, 2022: GOP budget nerds: here's how to kill the reconciliation bill POLITICO Playbook Daily Briefing

    • Politics

Sen. Kyrsten Sinema (D-Ariz.) and Majority Leader Chuck Schumer reached a deal last night to secure her vote for the reconciliation bill. Democrats added “a new 1 percent excise tax on stock buybacks that will bring in $73 billion, far more than the $14 billion raised by the carried interest provision, according to a Democrat familiar with the deal.”

Sen. Kyrsten Sinema (D-Ariz.) and Majority Leader Chuck Schumer reached a deal last night to secure her vote for the reconciliation bill. Democrats added “a new 1 percent excise tax on stock buybacks that will bring in $73 billion, far more than the $14 billion raised by the carried interest provision, according to a Democrat familiar with the deal.”

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