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Manchin-Schumer Deal Has a New Hurdle: Kyrsten Sinema

  • Manchin appealed to fellow moderate to support his proposal
  • Arizona Democrat pivotal to chances of Senate passage
Bloomberg business news
Manchin Pitches Sinema on Democrats’ Tax-Climate Bill
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Now that Senator Joe Manchin is on board with a $433 billion tax and climate bill, Democrats, Republicans and the private equity industry all are trying to suss out where Senator Kyrsten Sinema stands.

The Arizona Democrat was left out of the negotiations between Manchin and Senate Majority Leader Chuck Schumer, which resulted in legislation that, among other things, would eliminate a tax break for fund managers known as carried interest.