Kyrsten Sinema is seeking a couple of changes to Democrats’ party-line bill. She wants to nix the carried interest provision and add drought funding

Sinema would like roughly $5 billion in drought resiliency funding added to the legislation. She is seen here meeting with Pinal officials.


Kyrsten Sinema is seeking a couple changes to Democrats’ climate, health care and tax bill, according to multiple people familiar with the matter.

The Arizona Democrat, who has not weighed in on whether she will vote for the legislation, wants to nix language narrowing the so-called carried interest loophole, which would change the way some investment income is taxed. Cutting that provision would ax $14 billion of the bill’s $739 billion in projected revenue.

Sinema also wants an add. She’d like roughly $5 billion in drought resiliency funding added to the legislation, a key ask for Arizona given the state’s problems with water supply. A Sinema spokesperson declined to comment.

Will Dems go for it? There’s no word yet from Democratic leaders but this is a relatively modest ask in the grand scheme of the legislation. Still, Senate Majority Leader Chuck Schumer said narrowing carried interest was included at the behest of Manchin, who said it would make the tax code more fair.

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August 2022