Many corporate executives, including Arizona business leaders, had petitioned Sinema to consider the consequences of the tax in recent days. Sen. Joe Manchin III (D-W.Va.) touted a new Democratic bill on July 31 as the views of Sen. Kyrsten Sinema (D-Ariz.) on the bill remained unknown. Even Republicans at one point sought to seize on the uncertainty, urging Sinema to buck her own party. Democrats did not offer a full, new estimate for their revised tax policies late Thursday. AdvertisementIn adding the new tax, Democrats also appeared to rethink their initial plans to impose a minimum 15 percent tax on corporations.

Source: Washington Post August 05, 2022 21:15 UTC