Today, ahead of this weekend’s planned debate on a major health-care, climate and deficit-reduction package, Senate Majority Leader Charles E. Schumer (D-N.Y.) called the legislation a “very, very, very big deal” and said he believes all 50 members of the Democratic conference will support it. His comments came a day after striking an agreement with Sen. Kyrsten Sinema (D-Ariz.) that alters some tax provisions in the bill. Senators are expected to entertain a slew of amendments starting Saturday. Schumer would not predict when the Senate might pass the bill and send it to the House for consideration.

Meanwhile, President Biden touted a jobs report Friday showing employers adding 528,000 jobs in July, far more than expected. Later Friday, Biden, who continues to recover from a rebound case of the coronavirus, is scheduled to sign two bipartisan bills that target those who commit fraud in pandemic-era small-business relief programs.

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Sen. Kyrsten Sinema (D-Ariz.) would not support the Democrats’ package on energy, climate and drug pricing unless they agreed to remove a key tax policy targeting wealthy investors.

Senate Majority Leader Charles E. Schumer (D-N.Y.), who has shepherded this legislation through his caucus, told reporters Friday that he was a supporter of tightening a loophole on carried interest but that...

Read Full Story: https://www.washingtonpost.com/politics/2022/08/05/senate-sinema-biden-corona...