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quick break and kyrsten sinema signing onto massive inflation reduction act. what she's suggesting as over 200 economieses say the plan will increase inflation, hay ohio congressman is here to weigh in. back in a minute. ♪ ♪ ♪ millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lines. switch to xfinity mobile today. maria: welcome back, senator kyrsten sinema agreeing to back the democrat spending bill. they are planning a vote on it tomorrow at noon, more than 230 economists however are warning that the 800 billion-dollar bill would make inflation worse and burden the economy. joining ohio congressman warren davidson. congressman, good to see you this morning. thanks very much. >> always g

deductions but john thune and kyrsten sinema are proposing to extend the limitation on the s s.a.l.t. deductions, coarsing a snafu late in the process. democrats are trying to find another way to get sinema satisfied behind any changes to exempt businesses from the 15% corporate minimum tax but it's unclear at this hour exactly how they're going to satisfy the concerns of this key democrat. and fred, this is so significant, because all 50 democrats need to be on board in order to get this bill through because we expect all republicans to oppose it. if one democrat changes their vote on some key issue like over this amendment, potentially, it could essentially undercut their ability to get to final passage here. so even though democrats have been united all night long, trying to get this bill through, they're facing this last-minute wrench in the process, throwing some questions into whether they can get across the finish line, how soon they could get it, and if they get it through here, if this change is made, what would it mean for final passage in the house which had been expected t

quiet about the democrat's new reconciliation deal, we are finally hearing from arizona senator kyrsten sinemal changes made to the package before it can get her support and remove language from the bill about narrowing the so-called carry interest loophole that would change the way some investment income is taxed. the adjustment would cut about $14 billion from the bill's estimated revenue. also asking for roughly $5 billion in drought funding. and she wants that adding to the final package. but while kyrsten sinema is the most high profile holdout, any democrat could tank the bill if they pull support. senator bob menendez of new jersey said yesterday he would back out if extra provisions for immigration were added. >> but the way to slay that inflation reduction act is to have extraneous provisions adopted, including immigration provisions. so while this is not a perfect bill, i would have liked to have seen help for middle class taxpayers, to get relief, i certainly cannot support it if extraneous provisions get adopted particularly pejorative immigration provisions that have nothing to do

. >> find someones that loves you like kyrsten sinema loves private equity and venture capital. for that tax loophole. it seems like a mistake, in my mind, to be a democratic senator who is so tied to your corporate donors, especially when there seems like there could be a primary challenge. but i mean, she has just doubled down on it, and in the end, i don't think it much matters because she voted for the bill, and they were able to pass it and they got this huge investment in climate, biggest federal investment in climate than ever. >> we spoke with ruben yesterday, and he didn't seem turned off by the idea of challenging kyrsten sinema. sounds like it's a live option for him. barbara, joe biden reacted to the senate vote saying, today senate democrats sided with american families over special interests, voting to lower the cost of prescription drugs, health insurance and everyday energy costs and reduce the deficit while making the wealthiest corporations finally pay their fair share. republicans insist the opposite is going to happen, that this bill is going to work against

. >>> after days of negotiations, arizona senator kyrsten sinema says she is on board with a proposal to address key pieces of president biden's agenda. we'll take you to the latest version of the bill and how soon it could pass. >>> plus, sandy hook families finally get some justice, against a plan they say has made their lives a living hell. we'll explain how a mistake by alex jones' lawyer could also help the january 6th committee. and ahead, the latest on brittney griner's future. what the kremlin and the biden administration are saying about a potential prisoner swap, now that the wnba star is facing nearly a decade in a russian prison. >>> good morning. and welcome to "way too early." on this friday, august 5th. i'm jonathan lemire. thanks for being here. >>> news from last night, senator kyrsten sinema has agreed to back democrats reconciliation bill. clearing the way for a vote later this week. her decision comes after days of fellow democrats lobbying her on the deal. in a statement last night, the senator said she would come on board after the carried interest tax provision

that drama caused by concerns initially raised by kyrsten sinema of arizona. the 15% corporate minimum tax. she was concerned it could impact some smaller companies. it's supposed to hit companies that have a billion dollars or more in income. but she had concerns about companies that were subsidiaries of those that were owned by private equity firms. she wanted to exempt those subsidiaries. she agreed to a republican amendment that targeted this, that narrowed this corporate minimum tax, exempted those subsidiaries. but democrats were revolting over this because of the way that republican amendment would be paid for. so as a result, they move behind the scenes. they were able to move forward with a different plan, an alternative plan that the senate has currently being voted on. they have a different proposal to pay for this change in the corporate minimum tax. and as a result, democrats are now on the same page. now this bill will get the final passage vote some time this hour. it will be a 50-50 vote. and kamala harris will break the tie. after more than a

it was given life by kyrsten sinema this week. if it passes it will be the biggest climate investment in u.s. history and make major changes to health policy. jessica dean is on capitol hill for us. earlier in the week this was about getting kyrsten sinema on board but now senator bernie sanders said the bill does not go far enough, what does that mean? >> he represents the further left of the democratic party and wrangling all 50 of the democratic senators has been no small fete, getting senator manchin and kyrsten sinema on board. ultimately we believe this bill will move forward, the question is when. this is a very, very lengthy, complex, tedious process they're using, a specific budget process they're using to get it through. let me tell you about what's in the bill, a lot of climate provisions, about $369 billion in climate provisions, the biggest investment out of the senate ever. hoping to reduce carbon emissions by 40% by 2030. also some tax incentives in there to push renewables. there's also some health care components

i said, are you willing to lose this provision if it means putting kyrsten sinema back on board? at that point, he said he was not willing to lose it even though they do have the wiggle room and losing that source wouldn't necessarily throw off the numbers in terms of how much deficit reduction they are doing. at this point, it looks like they are on an impact. >> democrats are getting a big boost politically by falling gas prices and the vote in kansas supporting abortion rights. showing the impact potentially for the midterms. how important is the new bill that the joint tax committee said would actually reduce the deficit and not raise taxes other than big companies not even paying the 15% minimum tax? >> before the midterms? >> this bill is imperative for the policy perspective of some real big changes in cost and historic investments in clean energy and climate change. politically, it is also imperative. we have seen for months, younger voters, particularly soured on the democratic party. we know they are excited about fighting for abortion rights and choice pick and we know

no, he's a green new dealer. >> sean: is there any chance that kyrsten sinema says no? i don't believe it's possible. >> i think she could be wonder woman here, she can save our country. i'm praying that she stops this horrible bill. she would be a hero in the state of arizona if she just said no to this bill. it's bad for arizona, it kills manufacturing and arizona is a major manufacturing state. let's hope that kyrsten sinema -- it's amazing, 250 democrats in congress and only one of them is opposed to this horrible bill. >> sean: does kyrsten sinema go along with 49 colleagues or stand up for the people of arizona? >> nobody knows, i think her silence right now is telling, that would make me think she's leaning on the no side. the mirror image of john mccain, the senator from arizona who famously put his thumb down to kill the repeal of obamacare and vote with the democrats, it was a hero for doing it and kyrsten sinema who now represents arizona having a chance to come in and do the same thing on this recession causing green new deal corporate subsidy bill. of the p

we still don't know if kyrsten sinema will support the joe manchin back tax.ke a decision after parliamentarian review. they were seen talking and the senate chamber for about 15 minutes yesterday. he calls it a nice talk. kyrsten sinema's vote will decide if the bill passed since the democrats have a razor-thin majority. the bill in the scaled-back version of the biden build back better proposal and a new massive spending bill calls for $369 million claimant spending. $64 billion in obamacare subsidies, 15% minimum corporate tax. kellyanne conway says the latest spending bill is not a win for democrats at all. it is pretty much guaranteed major republican game in the next two major elections. >> all this crazy stuff that you or my kids will be paying for for our great-great-grandchildren forever more. it is now kyrsten sinema and why nobody else have that kind of encourage domestic courage to stand up and say you know what i represent a state, constituents who are center right, look at them when they vote for office other than me, the blue state? nobody stand

allie, let's walk through this kyrsten sinema, the deal the democrats got. talk about feeling the heat. the at democracy were very concerned how this was going to end up. republicans wither trying to peel off sinema's vote. what twos from here? what happens next? >> yeah, peter, thankfully we are going to be in air-conditioning all the rest of the weekend, too, because the senate is working both saturday and sunday now that they have senator kyrsten sinema on board. the changes she made to the legislation, not entirely surprising for those of us who have been watching sinema throughout the negotiations over the course of the last year. you'll see them on the screen here, things that senator chuck schumer ultimately grued to in this package. they removed the carried interest provision while also making changes to the corporate tax. they also added more funding for drought prevention, and there's a new excise tax on stock buybacks. that more than replaces the revenue that would have been generated with that carried interest provision being removed. so democrats

why the final hold-out, senator kyrsten sinema, is holding on. >>> conspiracy theorist alex jones ordered to pay $4 million for claiming the sandy hook school shooting was a hoax. but why that 4 million could be just the tip of the iceberg. >>> scam alert. the new way fraudsters are targeting people who book travel online. >>> from living on the streets to playing college hoops, one homeless teen's amazing success story and who made it possible. >>> and later, a foul night for beer at the ballpark. >>> good friday morning, everyone. i'm andrew dymburt. >> i'm andrea fujii in for mona. >>> we begin with breaking news. a deadly shooting inside a hotel on the vegas strip. >> at least one person was shot and killed inside the mirage. the shooting occurred inside a hotel room. two other people reportedly injured. video posted to social media shows security blocking the entrances during an apparent lockdown at the hotel. there was no immediate word on a possible motive. police remain on the scene. >>> also overnight, police near minneapolis searching for a suspect after gunfire inside the mall

they have kyrsten sinema onboard. hedge fund folks and the private equity folks might be happy about this. buit appears they are going to have a deal. we don't have a final vote yet, but what do you make of it? david: there is carried interest that never dies. economists hate this thing, but it never dies, and kyrsten sinema has kept it alive. to explain it, we will call paul solman and not talk about it here. it is an achievement. it is a big bill and it is center out gernment. it is what joe biden promised us. he would start in the center and move more left, but if we had a normal republican party, we would get a bunch of republican votes for this thing, and it will be a major achievement. it is an achievement in investing. it is investing in american clean energy. it is not trying to tell people what energy to choose, it is just creating resources so there can be cheaper clean energy. it is creating new technologies. it is an impressive achievement. as i mentioned before, it comes on the heels of a series of impres

we kept persisting with senator joe manchin and senator kyrsten sinema.g, not everything everybody wanted but something that is good, persist and you will succeed. don't give up and you will succeed. that's been my motto my whole life. i think we've done some good things. let's not forget, we did a lot of other things this month. the chips act, which the president signed today, will keep the american economy number one and employ millions of people. we did the first thing in the pact act for veterans, so when they breathe in toxin, they're taking care of. for the first time we've gotten gun-control legislation, not everything we wanted but good. finally, finland and saweetie -- and sweden are in nato. it is easy to pick holes in it but it is a lot more than any congress has done in a long time. judy: finally, let me ask you if this will make a difference this fall. respected analysts are saying the republicans are likely to take control of the house and they may take over control of the senate. nathan gonzalez, one of those analysts, is saying republicans

we want to turn now to the latest on the democrat's reconciliation bill as kyrsten sinema has agreed to back the package clearing the way for a vote this weekend. her decision comes after days of fellow democrats lobbying on the deal. lobbying her on the deal. in a statement last night, the moderate senator said she would come on board after the carried interest rate tax provision was removed and the bill imposed a 15% minimum tax on large corporations after some companies paid little to no taxes after the 2017 tax cup. a new excise tax was added and lawmakers agreed to add funding to combat droughts. the bill also calls for $400 billion in tax reform revenue. nearly $370 billion in energy security and climate change investments, $300 billion in deficit reduction. nearly $290 billion in drug pricing reform revenue. and $65 billion in affordable care act subsidies. let's bring in congressional reporter for axios, alena treen, with more on how this deal got done. alena, what more could you tell us? she came around, that is great. is this good to go? >> well not quite yet, mika. but thi

senator kyrsten sinema, the lone democratic holdout on the president's major climate and economic billrovisions to get sinema to move forward on the bill. democrats expect to have 50 votes plus the vice president's tiebreaker to push their marquee

kyrsten sinema says yes to a big paag

and aside from kyrsten sinema, do they have all the votes they need in hand? >> they probably do have all the votes besides sinema. it's important to keep in mind chuck schumer will keep them here until they get this done if there is a pathway to getting it done. i agree with what sahil said but she would be signing her political death warrant if she completely alienated the rest of the democratic base that has been a bit frustrated with her in the last couple years. i would say the carried interest loophole which allows basically hedge fund and private equity managers to pay a lower tax rate on some of that interest they make off their businesses was something that was not in the build back better bill that the white house had cobbled together what seems to being ions ago. but as she has said, she is going to hold out until she gets the final ruling from the parliamentarian. we may not hear from the parliamentarian until this weekend, early next week. we reported the senate finance committee doesn't even have its chunk of text to the parliamentarian yet. so we

so all of this is sitting on kyrsten sinema. she is in a hugely powerful position.yet the one thing she is asking for, while she is here is to leave the current carry interest loophole alone. can you help us understand how that would serve anyone in the state of arizona? a complete hookup for private equity titans? who in arizona would care about that? >> i can't speak to how many hedge fund managers there are in arizona. but the larger point is that kyrsten sinema should be putting the needs of the american people first. and the american people benefit from a fair tax code. and that's really what closing the carry interest loophole is. there's a reason we call it a loophole. because it allows certain amounts of income to pay a tax code of half of what's some lower income people have to pay. so it's a gauge rate instead of an ordinary income rate. so this is about a revenue, creating a more fair tax code. and i am hopeful that sinema is making some noises here. but she has not dug in on this. because this is absolutely all wrong headed position. and i have had the b

now, some republicans feel she could tank this bill. >> todd: all eyes on kyrsten sinema.t gingrich says the democrats party could not be more out of touch, watch. >> look at this most recent manchin monstrosity, more than we have, more than double, people don't understand that biden is in trouble, i think the whole democratic party model is in trouble because they are radically out of touch with the american people. >> todd: talking more with former white house director -- oh, mercedes schlapp on this. meantime, west virginia senator manchin not getting much support from his home state. filings reveal manchin received $6 million from out of state donors since 2021. last week manchin backed the democrats spending bill. manchin not up for re-election until 2024, unclear if he will seek another term. florida keeps winning, the state receives 60's0,000 new business applications. >> carley: jimmy failla reacts to the sunshine state's success coming up next. this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we act

carley: democrats one step closer to pushing through the $800 billion climate spending bill with kyrsten sinema's blessing and we could see a final vote this weekend despite economists warning the act could make inflation worse. you're watching "fox and friends first" on friday morning, i'm carley shimkus. >> todd: we don't want worse, we want better. i'm todd piro. americans say soaring prices are the biggest concern this election season. the biden administration doesn't understand people care about gas prices, inflation and the economy. they are living in la-laland. from la-laland, hoff. >> voting will begin on the deal, the cdo and economists agree the bill will not curb prices and the white house is lowering expectation ahead of today's release of the jobs report. kyrsten sinema says this, we have agreed to remove the -- and boost the budget reconciliation legislation, the president is responding to this saying we have taken another critical step toward cost of living for american families, look forward to pass this as soon as possible. at the center is west virginia senator joe manchin who s

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review, manchester and kyrsten sinema were seen talking yesterday, he called it a nice talk, kyrstenvote could decide if the bill will pass since democrats have razor-thin majority. the bill is a scaled back version of build back better, it calling for climate spending $64 million in obama-care subsidy and minimum corporate tax. >> todd: and joe rogan tearing into president biden and his administration for trying to redefine what recession is. people think it is trivial talking about economic downturn, it is not trivial, we've use the term recession, they are changing the definition, which is terrible, it should be something people get angry about, you are -- with definition in order to pretend you are doing a good job, what a bunch of weasels. >> todd: rogan says wikipediaallowed 115 edities of recessions. hope the people will stop altering the definition. 45% of people are seeing increase in food banks as americans try to avoid breaking the bank at the grocery store. we can talk numbers, you are on the ground and see reality each and everyday, how bad is it right now? >> it is a to

at the moment democrats are united in the aftermath of kyrsten sinema's deal with chuck schumer, which was announced last night. that deal was significant because sinema had concerns about the tax proposal, the carried interest loophole, a tax that affects hedge funds and private equity. she wanted that out of the bill. she succeeded in doing that. she also raised concerns about a tax, a corporate minimum tax of 15% and how companies could deduct assets, how that would be treated, the depreciation of assets. she wanted a change in that after hearing concerns from manufacturers. as a result, to make up for the lost revenue, democrats added a 1% excise tax on stock buybacks. earlier today chuck schumer made clear he wanted to include that tax on hedge funds and private equity, but it was sinema who insisted on taking it out. >> i pushed for it to be in this bill. senator sinema said she would not vote for the bill, not even move to proceed unless we took it out, so we had no choice. >> reporter: because of the budget process that they are using to try to pass this bill along straight par

all 50 democrats need to be on board including kyrsten sinema.he remains the one holdout here as democrats and republicans privately lobbying her. she's yet to tip her hand on how she'll vote. >> manu raju, thank you very much. >>> tearful testimony. why a cybersecurity official choked up before lawmakers today when talking about a huge threat to the american election process. stay with us. >> tech: when you have auto glass damage... choose safelite. we can come to you and replace your windshield. >> grandkid: here u go! >> tech: wow, thank yo >> customer and grandkids: bye! >> tech: bye! n't wait, schedule now. >> singers: ♪ selite repair, safelite replace. ♪ (vo) at viking, we are proud to have been named the world's number one for both rivers and oceans by travel and leisure, as well as condé nast traveler. but it is now time for us to work even harder, searching for meaningful experiences and new adventures for you to embark upon. they say when you reach the top, there's only one way to go. we say, that way is onwards. viking. exploring the w

then all eyes turn to kyrsten sinema. so far been mum on this deal, but sources tell manu raju she's expected to announce her position once that senate parliamentarian ruling comes out. she has her own calculations to make here. she's been opposed to some taxes in the past but she's been a huge champion of other provisions from prices and climate change. democrats hope in the end she'll be there. take a listen to joe manchin talking about his fellow senate centrist in the senate. >> i think basically she looks at the bill and sees the whole spectrum of what we're doing and all the energy and reduction in prices and fighting inflation and bringing prices down by having more energy, hopefully she'll be positive about it. she'll make her decision and i respect that. >> reporter: now, democratic leaders are hoping to put this bill on the floor by the end of this week with potentially votes over the weekend. that is an ambition timeline. there are a number of challenges still to work through here. the bottom line is this is a

last year the legislation saw its scope limited and price tag slashed thanks to joe manchin and kyrsten sinema. >> what would you say to some people who criticized the amount of power and influence that they have. >> look, in a 50-50 senate, anyone can have some influence. each of them had ideas. >> reporter: republicans meanwhile bashing the bill as bad for the economy. >> joe biden has pushed us and these plans are pushing us into a recession. >> why take the risk of throwing us into deeper stagflation. >> reporter: both parties seeking to capitalize on this moment in the months ahead. >> look, regardless of the election, the american people are being seen and heard. >> to the american people, in november i hope you will remember this. help is not coming bypassing this bill. >> that was ali vitali reporting. >>> i want to turn to scott mcgrew. scott, we heard senator kennedy and senator scott claiming that the new bill would contributing to inflation. is that true? >> no, not according to the congressional budget office. of course that's the nonpartisan organization that figures out what a p

kyrsten sinema of arizona who has raised concerns about the key tax provisions in this bill including 15% corporate minimum tax that was part of this proposal as well as the proposals known as the so-called carried interest loophole. sinema succeeded in closing the loophole. she also changed language dealing with how company can deduct appreciative assets as part of the annual deductions. that was part of the gop tax law after hearing concerns from manufacturers and business groups. she succeeded in narrowing the provisions. democrats instead added a 1% excise tax to help pay for this proposal which deals with extending the affordable care act subsidies for four years. giving medicare the power to negotiate drug prices for the first time, as well as investing hundreds of billions in climate change and energy provisions until it tried to maintain, to achieve the goal of reducing carbon emissions by 40% within the next did he go aid. there is still a hurdle remaining. it is a senate parliamentarian to decide whether or not it meets the strict standards to decide that it can pass along s

seven democrats including kyrsten sinema of arizona voted in favor of a last-minute tax change introduced by republican senator john thune of south dakota. that led democrats to scramble to replace that measure with one of their own. >> the final draft of the inflation reduction act would invest more than $300 billion in climate reform. the largest in american history, a significant accomplishment. the bill also allows medicare to negotiate drug prices for the first time, cutting prescription drug prices for americans 65 and older. it also adds a new 15% minimum tax on large corporations. the inflation reduction act will now head to the house, leadership there have announced that lawmakers will return from the august recess on friday, to vote for the bill. >>> senate republicans were able to keep one key item out of the inflation reduction act. they voted to block a cap on insulin costs for millions of patients across the country. democrats had tried to limit those costs at 35 dollars for private insurers, and the bill does include that cap for people 65 and older on medicare. only seven

senator kyrsten sinema eyeing changes to her party's massive climate and health deal.% minimum tax on corporations and other tax provisions before promising her key vote. joining us now are former congressional budget office director douglas holtz and cnn economics commentator catherine rampell. we have a left/right split. let me start with you, catherine. what do you make of kyrsten sinema's holdout to date, her concerns about carried interest, and also the data tami just laid out which this could end up impacting workers and average folks in unintended ways? >> so senator sinema has kept her cards pretty close to the chest. we don't actually know what demands she's going to make in terms of changes to the bill. based on things she had said to some of her colleagues last year it looks like she wants to kill the carried interest loophole provision which basically says that if you are a private equity fund manager or other kinds of investment managers you can pay much lower tax rates on a large portion of your income than the typical worker working off of the sweat of t

senator kyrsten sinema, the lone democratic holdout on the president's major climate and economic bill, is now on board. senate majority leader chuck schumer agreed to change some of the tax provisions to get sinema to move forward on the bill. democrats expect to have 50 votes plus the vice president's tiebreaker to push their marquee economic legislation through the senate. >>> the inflation redaction act represents what would be the largest investment in energy and climate programs in u.s. history. it would extend health care subsidies and give medicare the power to negotiate prescription drug prices. senator schumer says it will close tax loopholes and reduce the deficit by $300 billion. cnn's sunlen serfaty is on capitol hill with the latest on the deal. >> reporter: good morning. this is certainly a big breakthrough on capitol hill and democrats and the white house certainly breathing a huge sigh of relief this morning. senator sinema coming out and announcing that she is on board, that she's going to move forward with this bill, meaning that democrats very likely have the votes

they are pushing another massive spending bill and we are finally hearing from kyrsten sinema about itves in d.c., welcome back to the show, friend. >> good to be back. i know, i miss you guys. good morning to you and everyone out there. democrats truly feel like the tide is turning for them on a couple of fronts. that includes gas prices. >> we are now seeing 50 days into what remains a fast decline in gas prices in over a decade prices are coming down even as putin's work puts pressure on global energy supplies. >> okay, so yes, we are not paying $5 a gallon anymore but we are still paying $4.13 today and still more than we were paying a year ago. meanwhile, the democrats to pass $740 billion claimant spending plan but they have one big hurdle. you are looking at her, arizona kyrsten sinema from excess reporting she is worried about 15% corporate tax piece and whether it will trickle down to workers. get this, she is also calling for more climate spending. a big thing in her state of arizona. reminder, 400 billion in climate spending in this package and the democrats say it will brin

kyrsten sinema gets on board with a spending bill >>> don't hold your breath, but we may be seeing good signs for the economy, including lower oil prices and a promising jobs report >>> how a canine came to the rescue of a few adventure-seeking kids who put t their parents through the worry wringer. >>> we beginning with break news from capitol hill. democrats on the brink of a major legislative win. kyrsten sinema signaled her support for the inflation reduction act, paving the way for the massive health, climate and spending bill to make it through the senate jay gray join us now from d.c. some change had to be made to get sinema on board. >> reporter: yeah, you're absolutely right they had to make a deal to move this thing forward senator sinema was against closing the so-called carried interest tax loophole. that's a measure that enables wealthy hedge fund and investment managers to pay lower tax rates. it's not clear what pore change m other changes may have been made but senator schumer says the main issues are still in tact, including climate change, and reducing inflation presid

kyrsten sinema can nuke the thing, senator, it is all in her court, she could kill it tomorrow if shethe courage to do it or not? >> 2024 could be a monster year for republicans adding to their senate number is because you've got west virginia, arizona, pennsylvania, ohio, michigan. what is jon tester thinking? /stop calling yourself, a blue state senator in a red state. you are a liberal who votes for this junk every single time but you are a liberal in montana. a liberal in arizona and now in west virginia and you have to give joe manchin and kyrsten sinema credit that they stand in the way of the democrats having their way with the filibuster and everything they want to do, all this crazy stuff that your kids and my kids will be paying for forever more. but now it is just senator sinema. now why does no one else in the democratic party have that moxie to say that i represent constituents who are center right. look at them when they vote for officeholders other than me, nobody stands up, they are all a reliable vote for all of this, this liberal and in this case of all things, drumr

. >> the very last minute, only hours before final passage, kyrsten sinema signed on saturday, but then backed by a number of senate colleagues including some democrats went for chipping out the 15% minimum corporate tax on hedge funds. the argument coming from the arizona chamber of commerce was it would be passed onto small businesses that the these hedge funds own. the strong pushback was the finance committee had fixed that and made sure it would be the lead partners in these hedge funds that would pay out of their own income tax rather than any of the small businesses, that the small businesses were completely protected from that impact. she went forward together with john thune and some republicans and democrats from some states and they did that. they had to crash a fix to come up with the alleged pay fors. >> this political sausage making looks grubby when you see what was held over her head to get her to insist on this carveout. this is the kind of thing that makes voters disgusted with washington and can only conclude there's a lot of donations coming from the private equity s

. >>> on capitol hill, senate democrats are hoping to sell their colleague kyrsten sinema on a health care package than casts hundreds of billions into the climate and energy sectors. >> she has tremendous, tremendous input in these pieces of legislation. this is something everyone has worked on in the last eight months or more, and she basically insisted no tax increases on. that she was very, very adamant about that, and i support and i agree with her. >>> also this hour an update on president biden's rebound covid case days after completing a full reg mend of the antiviral drug paxlovid. the white house has identified six individuals who are in close contact with the president, but administration officials say none of those people have tested positive. >>> and we'll be checking in with nbc's kerry sanders in illinois with two questions capturing the question of the nation. who won the mega millions? if it were i, i would not be here. and when will they collect. >>> joining me now is maggie vespa in kentucky and nbc meteorologist bill karins in new york. maggie, so what else did you

kyrsten sinema, a democrat from arizona standing in the way of this potentially. the white house press secretary wants to go after republicans over the bill. watch. >> where the president and congressional democrats have a very good plan to fight inflation. congressional republicans are standing against this investment. they're more about protecting tax welfare for those who game the system than they do about curbing inflation. >> harris: it's in the binder minority leader. >> this is the problem. we show they will raise taxes. the democrats control the government. the american rescue plan wasn't just republicans warning about it. steve ratner said it's the original sin where inflation started. larry summers warned them about it. they passed it and now we have inflation like we haven't seen in 40 years. they brought gas prices higher. remember when they said they would end fossil fuels and stopped the pipeline, ending the leases, gas prices went up. they are the ones who created our streets not to be safe by defunding the police, electing prosecutors who won't uph

senator kyrsten sinema asked for changes on how the package was structured and is wanting to address drought in arizona and other western states. what happens now? with a razor thin majority in the senate, the democrats need all 50 members to vote ya and not 60. but since this is congress, it's far from a done deal. julie sirkin is live with what happens next. it's going to be a busy weekend. >> reporter: you're smart to point out that until it's over, it's never really over in the halls of congress but the important thing is this bill needs 50 votes to pass and that's exactly what majority leader schumer told voters. with senator sinema signing on after the the changes they move onto the first boat which is set to take place tomorrow. that will kickoff the process but that is just the beginning because they have 20 hours of equally divided debate between republicans and republicans planning on making it as painful as possible for democrats, green up amendment vote after amendment boat according to senator lindsey graham who said hellit will be for democrats and they are allowed to b

the outlier remains kyrsten sinema who has yet to say if she will vote for the bill. jericka? >> all right. serena marshall at the white house for us, thank you. >>> for the first time since russia invaded ukraine, the first shipments of grain could leave ukrainian points as earl why is as tomorrow. but safe passage relying on vladimir putin, who issued new threats today. we get more now from imtiaz tyab. >> reporter: moscow's naval might on full display, as vladimir putin presided over the annual navy day parade in his home city of st. petersburg. earlier the russian president signed a new 55-page naval doctrine which aims to make the nation a, quote, great maritime poer around the world, and singled out the u.s. as its main threat. standing aboard a raptor class patrol vessel on the river, putin also announced the navy would start using the hypersonic zircon missiles that can travel at nine times the speed of sound, saying the missile systems have no equal in the world. a day earlier the u.s. had its own show of military might as the 101st airborne decision carried out exerc

the linchpin, kyrsten sinema. reading tea leaves is important in politics.e read body language. kyrsten sinema found refuge in the chamber away from reporters honing her in the halls. she chastised the congressional press corps. >> can't even have a conversation around here anymore! >> she wants to change some parts of the bills and she's got concerns about a basic text were corporations and new taxes for big investors. she also wants drought aid for arizona. democrats are willing to bet. >> there may be small tweaks. and we are going to stay until this gets done whether it takes us to september or we knock it out this week. and for the sake of all of us who want to work in our districts in august. >> democrats say the bill enhances irs enforcement. the g.o.p. says it's code for tax increases. >> technically it's not raising their tax rates. it's raising taxes and they are paying it. in terms that they will be the ones who incurred the burden of the taxes. we could get into arguments over technicalities and language here. >> the senate comes back saturday ar

senator kyrsten sinema of arizona announced tonight she will support the legislation.re is a condition. the removal of the carried interest tax provision from the bill. that provision would close the loophole that allows private equity and hedge fund managers to pay a reduced tax rate on their share of profits from investments. in a statement, senator sinema said quote we have agreed to remove the carried interest tax provision subject to the parliamentarian's review, i'll move forward. this follows speculations about whether she would support the bill and what appeared to be a lobbying effort from senator joe manchin. the senate chamber camera captured them talking today. meanwhile the senate already started moving ahead in case they get the all clear from the senate parliamentarian, chuck schumer says the senate will take tomorrow off and reconvene on saturday and hold the first procedural vote to begin consideration of the bill. that motion to proceed only needs a sim majority. it cannot be filibustered and will jump start to 20 hours of debate equally divided betwe

kyrsten sinema says yes to a big package. and we'll go inside the negotiations. >>> and this cnn exclusive, sources say donald trump's legal team is now talking to the justice department. it signals that there is a big and ugly fight coming over what the former president can shield from federal investigators. but we begin the hour with a wow. the july jobs report gives president biden important economic momentum on employment hitting a 50 year low. 500,000 plus more americans hired just last month. so forget recession talk. at least in the short term. yes, inflation is high, but the recovery is still humming. the economic news caps the giant week for the biden presidency. wins on veterans and a top strike to take a terrorist off the battlefield. and now a leap forward for the democratic agenda. kyrsten sinema, the lone hold out, is today a yes. but we start on the stunning and surprise jobs numbers. matt egan is joining us. tell us more. >> yeah, this is a blockbuster number. and here is the best part. no one saw it coming. 5

really now all the focus is on kyrsten sinema.won't she vote for this. >> yes. >> is there anything that stands out to you in this bill that is perhaps a red flag for her? something she may push back on? >> some of the tax provisions that she has expressed concern about in the past. but listen, she is someone that is still reviewing the bill as her press secretary has said many times at this point. the interesting thing with the manchin tour deforce yesterday on all the sunday shows is how there was this audience of one sort of but not talking about trump this time. talking about senator kyrsten sinema aspect to his pitch laying out how even though she wasn't in the room with him and schumer, the only two negotiating this, she had enormous influence over it on things like prescription drugs and things that she and manchin worked on before this deal came together. so i imagine that pitch is going on behind the scenes as well, through mediaries or who knows maybe senator to senator. but all eyes are on senator kyrsten sinema this we

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lisa: you mentioned senator kyrsten sinema.e groups that did well in this bill is hedge fund and equity managers who she protected a couple of different times from getting larger tax hits from this bill. when i asked, sources close to her, that she was concerned that raising taxes on hedge fund angers would affect investment in her state. i wonder what you made from that argument and what do we know about taxable occasions for these hedge fund managers? >> this has been an issue for more than a decade that there have been major efforts to chge these taxes so that these managers pay the normal rates that you and i pay ourselves. private equity groups in particular, hedge fund managers as well, have been very affected , and going back over a decade, it turns out that kyrsten sinema was taking heat for this because she was the only democrat in the senate that was prepared to say let's not do this, but they've been very effective. they spent moving dollars in lobbying, tens of millions if not more in campaign contributions, and eve