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Manchin: Why no, I didn't consult with
Sinema, but ...

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Posted By: Dreadnought, 7/29/2022 12:54:52 AM

Looks like Axios got this right in its snap analysis of Kyrsten Sinema’s reaction to the reconciliation deal announced late yesterday between Joe Manchin and Chuck Schumer. No one bothered to consult Sinema on the deal, Manchin revealed a few minutes ago to CNN’s Manu Raju, and no one has heard from her yet, either. Manchin thinks she’ll go along, but he’s not going to budge if she continues objecting to one component of the deal: For those unfamiliar with the carried-interest tax issue, the proposal will change the way income from investments get taxed. At the moment, carried interest gets taxed at capital-gains rates, which are significantly lower

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Reply 1 - Posted by: FL_Absentee_Voter 7/29/2022 1:13:20 AM (No. 1231647)
Levin, this evening: To go along with the Manchurian candidate in the White House we now have "the Manchinian Senator." Don't the dems try equating long-term cap gains with ordinary income every few years, and every time the idea fails?
14 people like this.

Reply 2 - Posted by: mifla 7/29/2022 4:57:34 AM (No. 1231662)
So all the other Dem senators are sheeple that go along with the party and don't need to be wined and dined? This is just another tax increase. Retired folks take note. You just got screwed.
16 people like this.

Reply 3 - Posted by: 3XALADY 7/29/2022 6:46:51 AM (No. 1231706)
I'm already feeling the pain. One of my retirement checks is down 20% this month.
5 people like this.

Reply 4 - Posted by: Daisymay 7/29/2022 7:23:36 AM (No. 1231727)
Well Ms. Sinema, you Could be the Hero! Lets hope there is ONE Democrat left with a Brain!
13 people like this.

Reply 5 - Posted by: BeatleJeff 7/29/2022 7:43:42 AM (No. 1231745)
Anyone who thought that bringing Manchin into the GOP was a good idea just got schooled on why that was a rotten idea. The guy is a skunk, and once a Rat, always a rat.
24 people like this.

Reply 6 - Posted by: Echohawk 7/29/2022 7:44:34 AM (No. 1231746)
For more than a year, Sen. Sinema has stated point blank that she will not support a carried-interest tax. A lot of her Arizona constituents are retirees. The carried-interest tax will hurt their investments and she will be voted out of office. All politics is local.
15 people like this.

Reply 7 - Posted by: Mizz Fixxit 7/29/2022 7:48:18 AM (No. 1231752)
Sinema sold out.
2 people like this.

Reply 8 - Posted by: msjena 7/29/2022 8:25:56 AM (No. 1231769)
I don't think Sinema will be strong enough to withstand the pressure to go along. The Democrats will cut off her funding and primary her. I think she should switch parties, but she probably won't.
3 people like this.

Reply 9 - Posted by: jimincalif 7/29/2022 8:56:46 AM (No. 1231805)
Sounds like Sinema wants to find out what’s in the bill before deciding how to vote, no wonder democrats are nervous, that’s not their normal MO. As to carried interest, fund managers have plenty of tax lawyers who will reshuffle their books so they don’t pay much, if any more. So they won’t get hurt, they can still vote democrat, and now their mostly democrat lawyers will make more money working around it. So good times for the democrat power base, while the country will suffer with more inflation as they use this fictional tax revenue to justify more spending giving money to their greenie power base! Triple win for them at the expense of the working class.
3 people like this.

Reply 10 - Posted by: Mizz Fixxit 7/29/2022 9:33:57 AM (No. 1231842)
I repeat, Sinema sold out. Otherwise, Manchin would not be in parade mode.
3 people like this.

Reply 11 - Posted by: rochow 7/29/2022 9:26:10 PM (No. 1232381)
Manchin is beginning to remind me of john McCain.
0 people like this.

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