So I guess the insulin cap stays in unless republicans strip it out?
Trying to make sense of the overnight reporting
Parliamentarian ruled it wasn't compatible with the rules, Democrats have left it out, GOP is going to raise a point of order to try to get it stripped out and I don't know enough Senate procedure to know how that gets resolved. Probably an asinine 60 vote majority to overrule the parliamentarian who is just some bureaucrat.
Self-righteousness is incompatible with coalition building.
I think insulin is going to be next after a cynical Cruz amendment about not selling oil to China.
EDIT: Nope, first we get a Bernie amendment to remove oil and gas leases from the bill. Schatz soul dies a little voting no.
enlightenedbum on
Self-righteousness is incompatible with coalition building.
Currently vote to waive the budget rules on the $35 cap on private market insulin, think it's going to lose with less than 60. But the support of at least four Republicans: Kennedy, Cassidy, Murkowski, and Hawley (?!?!?!)
Self-righteousness is incompatible with coalition building.
Insulin cap actually gets 57 (Sullivan, Hyde-Smith, and I think Collins but I missed her vote) votes in favor, but needed 60. So the private market cap at $35 is out, only Medicare can enforce that price.
EDIT: Legit wonder if there's a similar deal that could get 60 and pass separately.
enlightenedbum on
Self-righteousness is incompatible with coalition building.
Insulin cap actually gets 57 (Sullivan, Hyde-Smith, and I think Collins but I missed her vote) votes in favor, but needed 60. So the private market cap at $35 is out, only Medicare can enforce that price.
EDIT: Legit wonder if there's a similar deal that could get 60 and pass separately.
I'm skeptical. A bill with basically this exact text passed the House months ago, but only got 12 Republican votes.
Collins also has a different bill from a little over a month ago, that I believe does a little bit more, so is even iffier on if it would get Republican votes, but since it hasn't passed yet, I doubt it ever had them, and with them being pissant bitches over reconciliation, almost certainly won't have them now.
MANCHIN indicates he won’t go along with any GOP amendments to the bill. “I’m protecting the integrity of the bill”
Manchin is also saying he doesn't give a shit what any GOP amendments are and is going to vote no on everything, sight unseen. Whitehouse (the RI Senator, not the White House) is also claiming it's a full caucus agreement.
They also apparently added an extra $35 billion revenue to it via changing some language in the book minimum tax that Republicans are currently throwing a shitfit about, saying that it targets small/medium businesses, but it looks like it was just changed to include subsidiaries, so it's just dumb screeching over closing a loophole. The tax still specifically only targets companies with >$1 billion in profit.
It seems like whatever deal Schumer struck with Manchin he actually likes and/or he just wants to get this shit over with. Either way is good though.
Some Sinema idiocy might lead to changes in the tax provisions. She may have fallen for the GOP's bellyaching over private equity because of fucking course she would.
enlightenedbum on
Self-righteousness is incompatible with coalition building.
Currently vote to waive the budget rules on the $35 cap on private market insulin, think it's going to lose with less than 60. But the support of at least four Republicans: Kennedy, Cassidy, Murkowski, and Hawley (?!?!?!)
Wait, both of my Senators are not being stupid about this?! Kennedy could be performative I suppose, but why? This is a fact that will haunt me for a long time.
Some Sinema idiocy might lead to changes in the tax provisions. She may have fallen for the GOP's bellyaching over private equity because of fucking course she would.
The scuttle is exempting private equity from the 15% min corporate tax. John Thune proposed this amendment.
Currently vote to waive the budget rules on the $35 cap on private market insulin, think it's going to lose with less than 60. But the support of at least four Republicans: Kennedy, Cassidy, Murkowski, and Hawley (?!?!?!)
Wait, both of my Senators are not being stupid about this?! Kennedy could be performative I suppose, but why? This is a fact that will haunt me for a long time.
Probably knows someone with Type 1 diabetes that he personally cares about.
Some Sinema idiocy might lead to changes in the tax provisions. She may have fallen for the GOP's bellyaching over private equity because of fucking course she would.
The scuttle is exempting private equity from the 15% min corporate tax. John Thune proposed this amendment.
The 15% Corporate Minimum tax is meant to be (and was negotiated by Secretary Yellen to be) a global minimum rate to prevent all the stupid shell games, Double Irish, &c. shenanigans. So of course that's what they'd try to undermine.
The last Amendment will be a "Manager's Amendment" by Schumer that restores the initial language minus whatever got struck, which is the real vote anyway and paying too close attention to vote-a-rama is basically staring into the political abyss. But just, sigh...
The Thune amendment passed 57-43. Cortez Masto, Hassan, Kelly, Ossoff, Rosen, Sinema, Warncok all voted for it (along with all Rs).
Dems are planning to amend the amendment to change it from targeting SALT to extend the limitation on the amount of losses a business can deduct instead.
The House has never been what I was worried about.
Prior to the Warner amendment, it looked like Sinema’s minimum corporate tax exemption was going to be paid for with a SALT change, which would have run into challenges with the Cali, NJ, and NY House delegations
Posts
Trying to make sense of the overnight reporting
Parliamentarian ruled it wasn't compatible with the rules, Democrats have left it out, GOP is going to raise a point of order to try to get it stripped out and I don't know enough Senate procedure to know how that gets resolved. Probably an asinine 60 vote majority to overrule the parliamentarian who is just some bureaucrat.
EDIT: Nope, first we get a Bernie amendment to remove oil and gas leases from the bill. Schatz soul dies a little voting no.
EDIT: Legit wonder if there's a similar deal that could get 60 and pass separately.
I'm skeptical. A bill with basically this exact text passed the House months ago, but only got 12 Republican votes.
Collins also has a different bill from a little over a month ago, that I believe does a little bit more, so is even iffier on if it would get Republican votes, but since it hasn't passed yet, I doubt it ever had them, and with them being pissant bitches over reconciliation, almost certainly won't have them now.
It seems like whatever deal Schumer struck with Manchin he actually likes and/or he just wants to get this shit over with. Either way is good though.
Wait, both of my Senators are not being stupid about this?! Kennedy could be performative I suppose, but why? This is a fact that will haunt me for a long time.
In the US….
The scuttle is exempting private equity from the 15% min corporate tax. John Thune proposed this amendment.
Probably knows someone with Type 1 diabetes that he personally cares about.
The 15% Corporate Minimum tax is meant to be (and was negotiated by Secretary Yellen to be) a global minimum rate to prevent all the stupid shell games, Double Irish, &c. shenanigans. So of course that's what they'd try to undermine.
There has to be a study somewhere comparing diabetes to sweet tea consumption
Sinema potentially working with Republicans to torpedo the entire deal by amending it to change the tax on rich people to a tax on poor people.
Fun.
twitch.tv/Taramoor
@TaramoorPlays
Taramoor on Youtube
I mean, you have to be rich enough to itemize for the SALT cap to mean anything. So poorer in a relative sense.
Now let’s see if the House can pass it
I think Warner has an amendment to cover the $35 billion Sinema just gave back to Blackrock/KKR/etc that should pass the House
Money and power.
The House has never been what I was worried about.
3DS Friend Code: 3110-5393-4113
Steam profile
Dems are planning to amend the amendment to change it from targeting SALT to extend the limitation on the amount of losses a business can deduct instead.
Good. Now is not the time. Let’s get something done here, and we can try for that later.
Let's play Mario Kart or something...
Prior to the Warner amendment, it looked like Sinema’s minimum corporate tax exemption was going to be paid for with a SALT change, which would have run into challenges with the Cali, NJ, and NY House delegations
Fortunately it’s moot now
Edit: the senate to be clear
But remember, dems get to nominate some judges!
Yes. And also pass some version of this bill. Which literally wouldn't happen without her.
Also claim credit and demand discretionary grants for their constituencies after it passes anyway.
Combination of of an overpowered filibuster and over-represented rural, right-wing population.
Cant forget the class interests