Democratic senators Kyrsten Sinema and Joe Manchin talk in a Senate elevator.
Kent Nishimura / Los Angeles Times via Getty Images
Sen. Kyrsten Sinema is ready to “move forward” with Democrats’ Inflation Reduction Act.
The update comes after days of silence from the Arizona moderate, who was the last holdout.
Senate Majority Leader Chuck Schumer said the final version of the bill will be introduced on Saturday.
The Senate Democrats are in agreement.
Senate Majority Leader Chuck Schumer announced Thursday that all 50 Democratic senators had reached an agreement over the party’s reconciliation bill: the Inflation Reduction Act.
Sinema was the lone Democratic holdout on the multi-billion dollar Inflation Reduction Act of 2022 — legislation that was struck in a surprise deal last week between Manchin and Senate Majority Leader Chuck Schumer in an effort to revive parts of President Joe Biden’s economic agenda.
Sinema, in a Thursday statement obtained by The Washington Post, said Democrats had agreed to a couple of key changes to the legislation after negotiations, including removing a wealthy investors tax.
The final version of the bill will be introduced on Saturday, Schumer said.
“I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference,” Schumer said in a statement. “I have had many productive discussions with members of our conference over the past three days and we have addressed a number of important issues they have raised.
“The agreement preserves the major components of the Inflation Reduction Act, including reducing prescription drug costs, fighting climate change, closing tax loopholes exploited by big corporations and the wealthy, and reducing the deficit by $300 billion,” he added.