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Senate Democrats appear on the verge of passing historic legislation to accelerate a national transition to clean energy, reduce energy costs, create tens of thousands of union jobs, and address environmental injustice. The surprise agreement, the Inflation Reduction Act (IRA), was brokered by Sens.
The 15% corporate tax rate. that 15% level is something she is okay with and why i think they picked that level hoping that that convinces her. we don't know about that level in this this economic situation. as we know that's not a big figure in the grand scheme of the bill and could get rid of that if sinema demands it. we should look at the past provisions. >> i would say that the branding of this new package is just so telling. we have gone from build back better which has been dead for a number of months but the name of the new bill is completely different. inflation reduction act of 2022....
Enormous pressure on her from the president, schumer. i think democrats would negotiate with her, also. if she needs something changed they'll give her something but you know sinema. she'll take her time and kept saying -- she ran away from us the other day saying we'll see what happens when the bill gets on the floor and the parliamentarian is done. she will go and look at this stuff and to her credit understand the legislation and come to a position but i think she will be there in the end. >> she has been behind some of the biggest bipartisan achievements of this administration. gotten heat...
2024 including from congressman. >> she can't pass this because of wealthy people mostly in new york and california will will be consequences at the ballot box for her. i don't think it's prudent to stop the ground breaking legislation for wealthy people. >> how much do you think the pressure from the left on the possible primary is weighing? >> she is conscious of her colleague in the chamber and knows the primary is coming. i don't think that drives the decision entirely on the issue but knows that torpedoing this bill could make the steep climb in the primary steeper. >> on the taxation pro...
And we are doing this. >> that is huge deal. includes provisions democrats have been battling for sometime and still not law and we don't know where kirsten sinema is. there's reports and analysis about the plan. one said it won't reduce or increase inflation. there's a "the wall street journal" about higher bills for manufacturers. she is worried about taxes impact on businesses but should it make democrats nervous? >> absolutely. sinema would vote against this if she thought she had to. she doesn't have the cover of manchin on the filibuster and other issues. manchin is a co-author so that's...