But senators are considering changing the bill just hours before the House is expected to pass it.
Democratic Senators Joe Manchin of West Virginia and Senator Kirsten Cinema of Arizona are discussing a 15% minimum corporate tax with Republican Senator John Thune. Two Democrats — who are pivotal in drafting the document and passing the bill — witnessed CNN walk into his Thune office on Sunday.
"We are continuing to talk and we are continuing to work," he said Thune.
Since Saturday, the issue has been raised that cinema subsidiaries of companies owned by private equity firms could be subject to a 15% minimum corporate tax if they merge. After discovering the wording in the draft of the bill, it has permeated. According to Senate sources familiar with the matter, revenues are in excess of $1 billion.
If cinema succeeds in changing its provisions, the bill could reduce revenues by $35 billion and reduce deficit savings by about $300 billion. This is a key priority for Manchin.
As a potential problem for Democrats, cinema supports the Tune Amendment that exempts these companies from the minimum corporate tax, and he extends personal state and local tax limits for one year. can make up for lost income.
If the Senate adopts his Thune proposal, it could be opposed by several House Democrats, mostly from coastal districts, who have campaigned to remove restrictions on SALT deductions.
Raised more than $700 billion in government revenue over a 10-year period, spent more than $430 billion to reduce carbon emissions, and increased health insurance subsidies under the Affordable Care Act and use the remaining new revenue to reduce the deficit.
However, in order for the invoice to pass through the reconciliation process, the package must adhere to a strict set of budgeting rules. And Republicans are using the llama vote to put Democrats in place and force a tough political vote.
Republicans also voted to remove a major insulin provision limiting the price of insulin in the private insurance market to $35 a month, which senators ruled was not compliant with the Senate's settlement rule. Succeeded. The $35 insulin cap for Medicare beneficiaries remains in place.
After the Senate passes the bill, the House will return to Washington on Friday to consider it.
This article and headline have been updated with additional developments.