Senate Democrats have been cheerfully saying that they could see a deal on a reconciliation framework coming as soon as Friday. According to our sources, that’s tomorrow. There are still some major sticking points, though progress has happened in leaps and bounds the past couple days.
Arizona’s Republican governor has few limitations on his choice, according to state law The replacement must be a Republican, as McCain was, and would serve in the U.S. Senate until voters elect a new senator in the next general election.
Sinema’s position has been erroneously portrayed here - and elsewhere - as “opposing any tax increases for the wealthy and corporations”.
That, however, is not my understanding of what her position actually is. My understanding - and I could be wrong - is that she is opposed to any increase in marginal tax rates. There’s a big difference between the two, which is why staff is looking at other ways to get more tax revenue from the same sources, but by measures other than increasing marginal tax rates.
Among the options that staff is apparently looking at is addressing those tax code provisions that tip the code in favor of foreign investment and operations. From my perspective, I think it would be a terrific way to both bring in the cash and to start “urging” American companies to bring their operations back home, especially from China. I think going this route would be both enormously popular and financially beneficial for raising the money that the bill requires.
Now, it might be that Sinema would oppose these measures, as well, but they would - on their face - meet her objections to the tax provisions in the bill, as it was originally conceptualized.
Sen. Kyrsten Sinema (D-AZ) used to say that political contributions induced corruption. She was right, she started accepting them and now she will do nothing to upset her donors.
If Sinema is truly responsive to her donors, and Arizona has tremendous potential for solar energy (along with high vulnerability to drought and fire from climate change), and we know that venture capital is investing many billions in green tech initiatives, why aren’t the likes of Bill Gates offering Sinema competitively superior contributions to switch to a green stance?