Maverick Sen. Kyrsten Sinema (D-Ariz.) is weighing whether to vote for a Republican amendment to shield businesses that rely on capital investment from private equity groups from the 15 percent corporate minimum tax that Senate Majority Leader Schumer (D-N.Y.) included in the Inflation Reduction Act. The amendment is sponsored by Senate Republican Whip John Thune (R-S.D.) who says the 15 percent corporate minimum tax would raise taxes on businesses with less than $1 billion in profits because it would apply to private equity groups that have partnership interests in those businesses. The amendment would be paid for by a one-year extension of the cap on state and local tax deduct
Hence then, the article about sinema mulling gop amendment that democrats warn could derail tax climate health bill was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Sinema mulling GOP amendment that Democrats warn could derail tax, climate, health bill )