From [email protected] <[email protected]>
Subject POLITICO: behind-the-scenes of the Inflation Reduction Act deal
Date August 14, 2022 11:19 PM
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Team, the Inflation Reduction Act is going to slash the deficit, make the largest investment in fighting climate change in our history, and lower the cost of prescription drugs. It’s a huge win – and Mark is proud to have played a role in successfully negotiating a deal.

Did you see POLITICO’s recap [link removed] of the behind-the-scenes negotiations that led to this huge victory? A short excerpt:

“As Manchin and Sinema held their own conversations, they were helped along by Hickenlooper and Sen. Mark Warner (D-Va.). While Warner tried to come to a compromise on carried interest with Sinema, Hickenlooper suggested a stock buyback excise tax to compensate for Sinema’s requested changes on the corporate minimum tax.

“There’s kind of been a trust-building relationship going on,” Warner said. “It became clear that some of the changes that Sen. Sinema wanted were creating some holes.”

On Aug. 4, Warner joined Manchin on his house boat to talk about the deal Sinema would soon announce on taxes. After getting soaked in a rainstorm, Warner left with a new outfit — wearing a pair of Manchin’s shorts and a T-shirt — and a hope that Manchin, Sinema and Schumer would see eye-to-eye. (On Saturday Manchin returned Warner’s suit, fully pressed.)”

Let’s make sure Mark and his colleagues can continue fighting for us in the Senate — because wins like this won’t be possible if Republicans regain the majority. Chip in $5 today. [link removed]

Thank you,

Team Warner



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