Kyrsten Sinema has come out of President Biden’s first two years deeply exposed and vulnerable to a primary challenge when she runs for reelection in 2024. jonathanchait writes
The Democratic Party’s year-and-a-half-long quest to pass a legacy domestic climate bill, after several near-death experiences, culminated in improbable triumph. Joe Manchin pulled a last-minute face turn and the party tamped down its infighting to bask, at least temporarily, in victory. It was a happy ending for everybody.
Manchin’s breakthrough offer to Senate Majority Leader Charles Schumer was composed of policies the entire caucus had agreed on, with one exception: He proposed to narrow the tax break for carried interest, a special advantage Sinema had vowed to protect. This forced Sinema to demand the removal of that provision as her price for striking a deal.
After the Associated Press reported that Sinema collected $1 million in donations from private equity, Republican tax lobbyist Dan Mahoney leapt to her defense with an op-ed in an Arizona newspaper. “Much of the media would have us believe that Sen. Kyrsten Sinema was bought off by the private equity industry and other Wall Street barons in the recent negotiations over the Inflation Reduction Act.
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