Wednesday, October 20, 2021

"Report: Sinema Bent to Destroy Biden Presidency to Keep Taxes on the Wealthy Low," Jonathan Chait

 


The National Interest
Report: Sinema Bent to Destroy Biden Presidency to Keep Taxes on the Wealthy Low
By Jonathan Chait

News reports this week have portrayed Democrats in Congress as slowly converging on a deal to pass a shrunken version of President Biden’s Build Back Better agenda. But the main centrist protagonist in those stories is Senator Joe Manchin, the crusty dealmaker who has long been identified as the Democratic party’s 50th and most pivotal vote. There has been scant reporting on Senator Kyrsten Sinema.

The Wall Street Journal today reports that Sinema “has told lobbyists that she is opposed to any increase” in taxes on high-income individuals, businesses, or capital gains. Her opposition is reportedly “pushing Democrats to more seriously plan for a bill that doesn’t include those major revenue increases.”

If this report is true, it would likely be a death blow to Biden’s social agenda. Senate rules require that creating or expanding any social program — health care, child care, education, or anything else — can only be made permanent if it has some funding source. If Sinema refuses to support any tax increases on the wealthy, there’s no financing available to come anywhere close.


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