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- Manchin reached deal with Majority Leader Charles Schumer on package, which raises $739 billion in revenue
- Most comes from new 15% minimum bracket for large corporations
- Sinema wants to strike provisions ending carried interest loophole
- It brings in $14 billion in revenue and is a priority for Biden and Manchin
- She also reportedly wants $5 billion in drought resiliency funds
- Democrats need backing by all 50 Democrats to pass under budget ‘reconciliation’ procedures, which provide filibuster protection
Doug Santo