I wonder if some clean energy names are going to pump tomorrow?
Senator Kyrsten Sinema said she’ll back a tax and climate bill after fellow Democrats agreed to drop a provision that would have narrowed a tax break for carried interest.
“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” the Arizona Democrat said in an emailed statement. “Subject to the Parliamentarian’s review, I’ll move forward.”
The deal with Sinema removes one of the last hurdles for the budget bill carrying core components of President Joe Biden’s domestic agenda.
Senate Democrats are still awaiting however a ruling by the top Senate rules official as to whether parts of the bill meet strict budget rules. Elements like domestic content requirements for cars eligible for electric vehicle tax credits, caps on insulin out-of-pocket costs and penalties for drug companies raising prices higher than inflation could be struck.
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