Arizona Senator Kyrsten Sinema has announced her support for the senate climate change spending and tax proposal after some modifications to the new taxation.
To support the hedge fund donors, Senator Sinema insisted the carried interest loophole tax provision be removed and instead replaced with a corporate tax on stock buybacks. Any time a corporation wants to buy back their own shares of stock, they will now pay the U.S. government a tax for doing so; at least that’s the ¹intent.
[¹Note: taxing shares of company stock will never work, because that’s exactly what shell companies were designed to avoid. Set up a child shell company to purchase the stock and the parent company doesn’t pay taxes on the child’s purchase. It’s a shell game]
Additionally, according to reports, there is some kind of agreement to modify the 15% corporate minimum tax. Details unknown. Bottom line, Senator Sinema now supports the $700 billion climate change spending and tax proposal.
“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” Sinema said, signaling that she plans to vote to begin debate on the bill. “Subject to the parliamentarian’s review, I’ll move forward,” she said. (link)
Sinema got bought off just like Manchin did. It’s obvious that it’s now or never for passing this Green Raw Deal monstrosity with the Dems poised to lose the House this fall and possibly the Senate. So they have to ram it through immediately. If Repubs ever gain all three branches they need to repeal most everything that is in this bill.
“If Repubs ever gain all three branches they need to repeal most everything that is in this bill.”
Did you have a ‘straight face’ when you wrote this part?
I am with you my friend but the R’s are beyond pathetic.
Beyond patheric……most are in cahoots with the dems in playing their Kabuki theater role.
Indeed.
Beyond pathetic is still better than rock bottom pathetic.
You can’t wait to vote for perfect, you have to vote for better.
When was the last time Congress repealed a law? Perhaps in Lincoln’s time but I doubt anytime in my lifetime.
Legislation is only repealed when it no longer serves the interests of the Uniparty.
Which is why such acts are few and far between.
The 1898 Telegraph Tax from the Spanish-American War…. I think under Gingrich’s 1994 Contract with America movement.
Gingrich, “Lets find some old, obscure and relatively harmless (to us) legislation we can proudly repeal to show we mean business!”
Unfortunately, that second part won’t happen. The republicans usually act like the back-stroke part of a rachet, simply resetting the tool for another lurch left.
That was an awesome analogy. I’m stealing it.
Repealing legislation isn’t who they are.
Your comments are valid, but additional posts brought up the issues of the Uniparty. The second term for PRESIDENT TRUMP will be a great step forward to rebuilding the Republic, but it may take 2 or more terms to do so. IMESHO, PRESIDENT TRUMP should be able to hold two more terms, if he wanted to do that. If not, we need the DeSantis and MAGA candidates to carry the torch. Schedule F would be a great start for the nation, and major voting reform. I’m really disappoint in Manchin and Sinema for supporting that “legislation”.
Republicans counting on Manchin or Sinema, stupid, they’re Democrats
and Mitch is only hoping to get the majority back.
If he does get the majority back, it will be his standard “This is not the hill to die on” do nothing significant for our Republic majority.
Happy to work with the dems for only slightly less spending increases while calling them reductions and holding the line at giving the dems only 70% of what they want.
The Dims don’t really need either Sinema or Manchin. They usually buy Mittens, Collins and that sow from Alaska much cheaper
Everyone one of these Democrat Senators are in Schumer’s pocket. when you vote for any of these “moderates” you’re voting for Chuck Schumer. The D’s play the same con-game with their leftist “bernie bro” base, that the R’s do with theirs. With the D’s its: “We’re going to tax and regulate the Big Bad corporations and all those super-rich republicans”. And all the leftists get is rhetoric and Kubuki theater.
The other con-game is they play the Democrat moderate “Standing up to the leftwing crazies” when in fact all their changes are minor and irrelevant. People at Last Refuge know the game, but its sad that so many R’s still fall for all the ‘Moderate Joe from WV” nonsense or “Sinema is a moderate” Lie.
The expansion of the IRS (which is unfounded and absurd) is to go after MAGA the way they went after the Tea Party. Fully endorsed by Mitch McConnell.
I wonder if they are getting down to the shooting range for training with their Obama given guns so they have a better chance of hitting their targets in extreme cases of auditing.
Exactly… excellent point. I guess we had better be prepared for anything.
Please let them show up at my gun range. My aim gets awful twitchy when I see 3 letter words on the jackets of gubment folks.
“Oops, did I miss the bullseye again? Nah, you just missed the paper one. “
There is always more money or more power to give away. These people crave both. She and Manchin are driven by power. I think money is secondary to both. Watch for a big move by Sinema in the next 12-16 months. Presidential aspirations perhaps?
Who is she going to have by her side? Man? Woman? Both? Non binary?
The fraud it took to get Sinema elected is about to be revealed. She has always been a tool but is finally earning her keep as they lose Arizona. MAGA!
Never forget that this is the same person that called the State she represents “the meth lab of democracy.”
I would have thought about voting for her but no longer. She sold out same as Joe Manchin. She’s gotta go.
Being a leftist means always willing to be persuaded to act unethically at the right price!
Accumulating personal power and wealth trumps patriotism and duty to the Republic.
Never vote for a Democrat.
That has been my mantra since first registering to vote in 1972 , even though some Republicans I voted for were less than ideal.
I left the Dem party some time ago and never voted for a Dem again. And because in every election and for every position I’ve voted, there have been no viable non-Dem candidates except Republicans. So I always voted Republican. And since 2018, learning just how horrible things can be if the GOP doesn’t control the House, I will ALWAYS vote Republican.
In ’72 I turned 18, just when the voting age was reduced to 18. There was a flurry of activity on my high school campus that spring to register students.
Even then I disliked how the dems were handling things in DC and especially their defeatist attitude toward the Vietnam War.
I was loathe to register as a dem, unlike the majority of my fellow students.
Registering Dem was the “In” thing to do.
I was never a member, and still am not, of the “In” crowd.
It typically chooses poorly.
So, what’s her commission?
Does she get only get 5% if the Big Guy gets 10%
She probably held on on agreeing until the price was right!
Reason #23476 that even all-RINO GOP majorities in Congress are better than Dem majorities: The GOP would never push this hideously expensive “green” crap on us.
Reason #1: Nancy Pelosi and Chuck Schumer will be knocked out of their power spots.
VOTE GOP ON YOUR ENTIRE BALLOT THIS NOVEMBER.
Easy to do…..all the dems on our ballots here in Oregon are a detestable, dispicable and demonic lot!
Which is what the “D” after their names has come to represent.
Sinema, remember, was a Code Pink islamo-fascist idiot who cozied up with Medea Benjamin as they sucked up to Hamas in Gaza.
She IS a leftist so…….
Never pin your hopes on one, as they will disappoint and deceive.
Give Democrats POWER … and they LOOT the Treasury … of multiple future generations! They’re no better than the BLM smash and grabbers (can’t call it Looting according to woke-speak). They go for the high end Designer shit – goodies that cost $Billionsx100’s. Because “equity” or something. That something? It’s defacto reparations … without using that unpopular word
A reasonable question to ask Sen. Sinema is why did she attend this year’s secretive Bilderberg meeting, what did she do while there, and did she make any promises to any of its leaders?
https://bilderbergmeetings.org/meetings/meeting-2022/participants-2022
Miss Enema and Joe Munchkin are both pretenders. They are scum by every definition of the word.
After we get rid of Uncle Fester in November, you’re next Sinema.
I tend to think that Sinema sees the writing on the wall, and there is no need to keep up the charade. Should the republican nominees for Gov and AG get in, then the voting process is going to get a major overhaul in Arizona. I’m sure you all remember the shenanigans that played out when Sinema defeated McSally. I’ll refresh your memory. McSally led through the night until the Mail-in votes showed up the next day (I tend to recall about 40,000 of them). On a fair playing field I don’t think Sinema gets re-elected. And, I think she knows that. Next up….will she join up to shoot down the filibuster? What I’m implying is that I expect her to be openly Leftist going forward…instead of covertly.