Sen. Kyrsten Sinema agrees to 'move forward' on Inflation Reduction Act, giving Senate Democrats final hold-out vote

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.

Democrats hope to pass the bill on a party-line vote through a process known as budget reconciliation that would allow approval with a simple majority and avoid the 60-vote threshold to overcome a Republican filibuster. It would need the votes of all Democrats in the evenly divided Senate and then a tie-breaking vote by Vice President Kamala Harris.

"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." The legislation would allow Medicare to negotiate prescription drug prices — long opposed by the pharmaceutical industry — and extend Affordable Care Act subsidies through 2025.

Biden is like the Energizer bunny…he just keeps winning and winning and winning! Where Trump failed, Biden has succeeded (infrastructure, Mexico paying for border security, getting covid under control and reopening the country…the list goes on!) THANK YOU, President Biden!

✅ Unemployment at record lows ✅ Infrastructure bill passed (Trump failed to get it done) ✅ Gun safety bill passed (1st one since 1990’s) ✅ Limits on prescription drug prices ✅ Biggest climate change policy ever ✅ Mexico actually paying for high-tech border control measures

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