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WASHINGTON (AP) — Senate Democrats have reached an accord on eleventh-hour changes to their top-priority economic legislation, they announced late Thursday, clearing a major hurdle to moving the measure through the chamber in coming days.

Sen. Kyrsten Sinema, D-Ariz., a centrist who was seen as the pivotal vote, said in a statement that she had agreed to changes in the measure’s tax and energy provisions and was ready to “move forward” on the bill.

Senate Majority Leader Chuck Schumer, D-N.Y., said lawmakers had achieved a compromise “that I believe will receive the support” of all Democrats in the chamber. His party needs unanimity to move the measure through the 50-50 Senate, along with Vice President Kamala Harris’ tie-breaking vote.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

WASHINGTON (AP) — Democrats considered reshaping proposed taxes on the wealthy and huge corporations, and possibly adding billions for the West’s historic drought, as lawmakers aimed for initial votes Saturday on the party’s economic legislation.

Senate Majority Leader Chuck Schumer, D-N.Y., announced his timetable Thursday as party leaders worked behind the scenes in hopes of winning the unanimity they will need to succeed.

The election-year bill, housing President Joe Biden’s and congressional Democrats’ top priorities, would provide hundreds of billions in spending and tax credits to spur clean energy, reinforce fossil fuels and renew government support for people buying private health insurance. It would raise revenue with tax boosts, beefed up IRS tax collections and curbs on drug prices, which would save money for the government and patients.

“We prioritize the middle class and working families, instead of those at the very top. God bless them, they’re doing fine,” Schumer said.

Democrats need to nail down support from all their lawmakers to prevail in the 50-50 Senate and avoid a glaring self-inflicted defeat, similar to one they suffered last November on a far larger version of the package. Republicans are on track to oppose the legislation as one, saying its tax boosts and spending would worsen inflation and damage the economy.

“What do Democrats want to do with all the money they want to drain out of Americans’ pockets in the midst of a recession?” said Senate Minority Leader Mitch McConnell, R-Ky. “They want to lavish hundreds of billions of dollars on an issue that exactly 3% of the country says is our biggest problem: far-left environmental and climate spending.”

Sen. Kyrsten Sinema, D-Ariz., a mercurial centrist, has not made her stance clear and is considered her party’s sole potential holdout.

She’s among a group of Western senators seeking to add around $5 billion to the legislation — billed as Congress’ biggest-ever climate change measure — to help their states cope with epic drought and wildfires. The effort was described by a Democrat familiar with the talks who would speak only on condition of anonymity.

Sinema has also expressed interest in reshaping the measure’s 15% minimum tax on some companies with income exceeding $1 billion, said another Democrat who was not authorized to describe the senator’s view publicly. They provided no detail. The proposed tax would raise an estimated $313 billion over a decade, the legislation’s largest revenue raiser.

In defense of that proposal, Senate Finance Committee Chairman Ron Wyden, D-Ore., released figures showing that between 100 to 125 corporations that reported income averaging $8.9 billion paid effective tax rates averaging 1.1%. The numbers were compiled by Congress’ nonpartisan Joint Committee on Taxation.

Sinema has been a critic of another proposal to raise taxes on executives of hedge funds and other private equity firms. It would raise $13 billion, a small portion of the bill, and is a favorite of progressives and Sen. Joe Manchin, D-W.Va., a conservative Democrat who helped write the overall legislation with Schumer.

The Senate won’t be in session Friday as Democrats continue their talks. That pause will also provide time for the Senate parliamentarian, Elizabeth MacDonough, to decide if any of the bill’s provisions violate the chamber’s rules and should be removed.

Republicans want to kill as much of the bill as possible, either with MacDonough’s rulings or with nonstop votes expected to last well into Sunday or beyond.

Even if GOP amendments are defeated, they will consider it mission accomplished if they force Democrats to take risky, campaign season votes on touchy issues like taxes, inflation and immigration.

Vice President Kamala Harris can vote to break a 50-50 tie and approve the bill.

Copyright © 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

News Source: wtop.com

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Bernard Kerik Says Democrats May Try to Orchestrate Trumps Assassination After FBI Raid

Former NYPD commissioner Bernard Kerik said Monday he is worried Democrats might try to assassinate former President Donald Trump.

Trump’s home was raided by the FBI beginning Monday morning in connection with documents that were not turned over to the National Archives by the former president upon leaving office.

Trump’s daughter-in-law Lara Trump told Fox News the former president was aware of the raid and why. She added that he took memorabilia from his time in office which he rightly owned. She said he had been negotiating the return of some of the material.

The Department of Justice has not commented publicly on the raid, but Kerik claimed on Newsmax TV he is afraid for Trump’s life.

Kerik joined The Balance with host Eric Bolling, where he said he feels Trump is in grave danger – not only from politically-motivated prosecution – but from the threat of death. He said:

If you remember back in 2016, right before he got elected, I was in Washington D.C. I was at a couple of different social events, and I hear people talking, they said the Democrats want this guy so bad that they wouldn’t put assassination behind it. And I’m gonna tell you something. they’ve tried impeachment, they’ve tried another impeachment, they’ve tried one investigation after another.

This is about one thing: this is about stopping him from running in 2024. And I’m gonna tell you something, I’m not into conspiracies, I’m not into anti-government rhetoric. This is the first time in my lifetime that I would say I am deathly afraid for Donald Trump. I would not put assassination behind these people.

Trump called the raid a “weaponization of the Justice System” in a statement on the search of his home.

“These are dark times for our Nation, as my beautiful home, Mar-A-Lago in Palm Beach, Florida, is currently under siege, raided, and occupied by a large group of FBI agents,” Trump said. “Nothing like this has ever happened to a President of the United States before.”

Watch above, via Newsmax TV.

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