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Democrats Drop Carried Interest as Sinema Paves Way for Tax Vote

  • Last holdout Sinema backs revisions to tax, climate bill
  • Voting begins Saturday. Parliamentarian must still rule
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Democrats Agree on Revised Tax and Climate Bill
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The path was nearly cleared for one of the cornerstones of President Joe Biden’s domestic agenda after Democrats agreed on a revised version of their tax and climate bill.

But it came at a price: To get the support of Senator Kyrsten Sinema -- the pivotal Democratic vote in the 50-50 Senate -- a levy on wealthy hedge fund managers had to be abandoned.