Sinema’s Opposition Stymies Democrats’ Planned Tax-Rate Increases

Senate Democrats are considering abandoning central tax elements of their social policy and climate package, as a key senator continues to oppose any increase in marginal rates for businesses, high-income individuals or capital gains, according to people familiar with the matter.

Sen. Kyrsten Sinema (D., Ariz.) has previously told lobbyists that she is opposed to any increase in those rates, according to a person familiar with her remarks, but her stance is now pushing Democrats to plan more seriously for a bill that doesn’t include those major revenue increases.

Read more at The Wall Street Journal

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