15% minimum tax on major corporations. now, this issue was key for her because manufacturers in her state had concerns about how they were whether they would be able to the appreciation on their tax returns under the current law. democrats saying that they needed that to raise more revenue. she pushed back on that. she wanted a change on that issue as well. and she announced a deal she said to move ahead to protect advanced manufacturing she said and remove carried interest and boost clean energy from this deal. senator sinema released a statement saying we have agreed to remove the carried interest tax provision and boost our clean energy economy in the senate s budget reconciliation
for democrats and this sis a major piece of the biden agenda. and on tax provisions, that s what senator sinema has in recent days expressed concern over and she was successful in pushing for democrats to make some very specific changes to this bill. they dropped a $14 billion carried interest tax provision from the bill. and also they re making changes to the democrats plans to pair back how companies can deduct their depreciated assets from their taxes. as you mentioned at the top, to make up for that lost revenue, they re adding in a 1% excise tax on stock buybacks. certainly an important moment, the senate will be in this weekend working, they ll be holding a procedural vote at some point this weekend, trying to push it forward in the senate and when and if they pass that, it is over the house for final passage of this bill. jim? sunlen serfaty, thank you for covering.
corporate taxes at a minimum of 15% to get $369 billion to fight climate change. tax credits for electric vehicles. the bill allows medicare to negotiate drug prices, lowers prices for medicare part d users and extends subsidies from the affordable care act. jessica dean is live for us on capitol hill. what are the main hurdles to get this bill to the president s desk? reporter: there are several, jake. chief among them, they have to first half all 50 senate democrats on board. we know based on what senator joe manchin said earlier today that as of this morning, he had not spoken with arizona senator kyrsten sinema. of course, a key part and a key voice in all of this. we tried to speak to her all day. she s had no comment publicly. we do know that in the past, she has raised concerns over some of the tax provisions included in this, specifically the carried interest tax provision, that s been a concern of hers in the