Sinema got her time in front of the cameras

She felt Manchin-like power.  So now she can strike a deal in which she has protected the hedge fund managers and business interests who support her.

Sen. Kyrsten Sinema (D-Ariz.) announced Thursday evening that she has reached a deal with Senate Majority Leader Charles Schumer (D-N.Y.) that could pave the way for Democrats to pass their budget reconciliation package.

The deal would remove a provision closing the so-called carried interest loophole from the package announced last week by Schumer and Sen. Joe Manchin (D-W.Va.).

[...]

Democratic senators said Sinema wasn’t happy about being left out of the secret negotiations Schumer and Manchin held last month to add sweeping tax reform and climate provisions to the budget package.

[...]

Sinema said she and Schumer have also reached agreement on protecting manufacturing from the impact of a proposed 15 percent corporate minimum tax, which business leaders in Arizona warned would dampen economic growth.

The announcement paves the way for Sinema to vote Saturday for a motion to proceed to a budget reconciliation package that would reform the tax code, tackle climate change, reduce the cost of prescription drugs and shrink the federal deficit.

  The Hill

While still allowing corporations their huge profits.

A Democratic source familiar with the agreement said it would include a new excise tax on stock buybacks that would bring in more than enough revenue to cover the removal of the carried interest provision.

The Democrat said the bill will still reduce the deficit by $300 billion, citing a number that Schumer and Manchin have touted over the past week.

[...]

With Sinema’s vote, Democrats now have the support of all 50 members of their caucus to pass what would become President Biden’s biggest domestic legislative achievement. It would reduce the federal deficit by between $100 billion to $300 billion, according to various estimates, an accomplishment Democrats can pitch to voters at a time of 40-year-high inflation.

[...]

“The final version of the reconciliation bill, to be introduced on Saturday, will reflect this work and put us one step closer to enacting this historic legislation into law,” Schumer said.

[...]

“The entire country knows that I am opposed to raising the corporate income tax. That was true yesterday and it is true today,” Sinema told the Arizona Chamber of Commerce earlier this year.

To even a mere 15% that Manchin and Schumer agreed to. But wait - it's worse: 15% minimum to corporations making over $1 billion in annual profit!

Democrats expect to vote to begin debate on the more-than-700-page bill sometime Saturday afternoon.

Which I expect to be a mere formality since all 50 Republicans are likely to vote against it for the mere principle of obstructing Democratic policies. And it's not even certain it can garner all 50 Democratic votes. Especially when you consider Sinema is demanding a drought resistance security for Arizona, which would likely involve water in the Colorado River that would come at the expense of water acces in Colorado, Utah, Wyoming and New Mexico.

That reconciliation bill - or the Inflation Reduction Act, as they've cleverly named it - isn't a sure thing by any means.

...but hey, do what you want...you will anyway.