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Good Morning San Antonio

The KSAT 12 News Team provides a look at local, regional, statewide and national news events and the latest information on local traffic and weather issues.

LIVE

Good Morning San Antonio

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KYRSTEN SINEMA


12 hours ago

Sen. Sinema Took Wall Street Money While Killing Tax On Investors

The revelation comes after Sen. Sinema single-handedly thwarted her party's long-standing goal of raising taxes on such investors.

newsy.com
1 day ago

Sinema took Wall Street money while killing tax on investors

Democratic Sen. Kyrsten Sinema of Arizona has received nearly $1 million in campaign contributions over the past year from private equity professionals, hedge fund managers and venture capitalists whose interests she has staunchly defended in Congress.

1 day ago

Sinema took Wall Street money while killing tax on investors

Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under the plan. The bill, with Sinema's alterations intact, was given final approval by Congress on Friday and is expected to be signed by President Joe Biden next week.

news.yahoo.com
2 days ago

In Biden's big bill: Climate, health care, deficit reduction

The biggest investment ever in the U.S. to fight climate change.

2 days ago

Congress OKs Dems' climate, health bill, a Biden triumph

Democrats have pushed their landmark climate and health care bill through Congress, handing an election-year victory to President Joe Biden.

3 days ago

Why Sinema insisted $4 billion for drought relief be added to Inflation Reduction Act

In exchange for supporting the Inflation Reduction Act, Sen. Kyrsten Sinema, D-Ariz., insisted that the legislation leave in place a tax loophole that benefits high earners in the private equity and real estate industries. That deal set off a flurry of media speculation about her motives, but it wasn’t the only successful request she made in order to secure her vote for the landmark climate legislation.

news.yahoo.com

How Wall Street wooed Sen. Kyrsten Sinema and preserved its multi-billion dollar carried interest tax break

Wall Street lobbyists targeted Kyrsten Sinema to keep the carried interest loophole intact before she announced it would not be part of a climate and tax bill.

cnbc.com

Carried interest provision is cut from Inflation Reduction Act. How this tax break works, and how it benefits high-income taxpayers

A proposed tax tweak to carried interest, compensation paid to private equity and hedge fund managers, didn't survive in the final Inflation Reduction Act.

cnbc.com

How the 15% US Minimum Corporate Tax Would Work

The tax, climate and energy passed by Senate Democrats includes a 15% minimum tax on the domestic profits of large American companies. This roundabout method to collect more money from corporations, known as a minimum book tax, is critical to the deal, since it provides much of the new revenue to fund the energy investments and deficit reduction that Democrats are hoping to tout in the midterm elections this November.

washingtonpost.com
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What's in Democrats' big bill? Climate, health care, savings

The estimated $740 billion economic package from Democrats is nowhere near what President Joe Biden first envisioned with his effort to rebuild America’s public infrastructure and family support systems.

Biden steps out of the room and finds legacy-defining wins

Over five decades in Washington, Joe Biden knew that the way to influence was to be in the room where it happens.

Senate Democrats pass budget package, a victory for Biden

The Senate has approved Democrats' big election-year economic package.

Democratic senators vow to vote ‘no’ on all amendments to party’s climate, tax, health bill

Several Democratic senators are saying they will vote “no” on any amendments introduced during a Senate vote-a-rama session in an effort to keep the party’s major climate, tax and health bill on course to pass. “We have a deal to take the biggest climate action in U.S. history. Every Senate Dem has agreed to it.…

news.yahoo.com

Senate parliamentarian OKs most of Dems' drug price controls

The Senate parliamentarian narrowed Democrats' plan for curbing drug prices but left it mostly unscathed Saturday, Democrats said, as party leaders prepared to start moving their sprawling economic bill through the chamber. Elizabeth MacDonough, the chamber's rules arbiter, said provisions must be removed that would force drugmakers to pay rebates if their prices rise above inflation for products they sell to private insurers. Pharmaceutical companies would have to pay those penalties if their prices for drugs bought by Medicare rise too high.

news.yahoo.com

The Deepening Mystery of Kyrsten Sinema

The Arizona senator effectively leverages her power, but her ends are unclear.

theatlantic.com

Democrats' big package: What remains in and what's out?

The estimated $740 billion economic package from Democrats is nowhere near what President Joe Biden first envisioned with his effort to rebuild America’s public infrastructure and family support systems.

Schumer says Sinema left 'no choice' but to cut carried interest provision from tax and climate bill

Sinema backed the bill after the removal of a provision to narrow the so-called carried interest loophole, a tax benefit that both Biden and Trump opposed.

cnbc.com

Sinema gives her nod, and influence, to Democrats' big bill

Sen. Joe Manchin sealed the deal reviving President Joe Biden’s big economic, health care and climate bill.

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The Kyrsten Sinema Watch Party

With Democrats poised to pass the Inflation Reduction Act, their signature legislation on health care and climate change, all eyes were on the senior senator from Arizona.

newyorker.com

Dems change some tax provisions as they ready economic bill

Senate Majority Leader Chuck Schumer says Democrats have made changes in their giant economic bill that include paring part of their proposed minimum tax on huge corporations.

The Senate has a climate deal. Now comes the hard part

Local opposition to solar and wind farms could be a huge barrier to clean energy.

latimes.com

How the 15% US Minimum Corporate Tax Would Work

The tax, climate and energy proposal by Senate Democrats includes a 15% minimum tax on the domestic profits of large American companies. This roundabout method to collect more money from corporations, known as a minimum book tax, is critical to the deal, since it provides more than 40% of the new revenue to fund the energy investments and deficit reduction that Democrats are hoping to tout in the midterm elections this November.

washingtonpost.com

Democrats Say They've Reached Agreement On Economic Package

Its approval would let Dems appeal to voters by boasting they're moving to reduce inflation, address climate change and increase U.S. energy security.

newsy.com

Senate Dems announce they have the votes to pass Inflation Reduction Act

Sen. Kyrsten Sinema, 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.

cbsnews.com

Sinema says she will move forward with Senate Democrats' climate, health and tax bill

The Arizona senator said late Thursday that she will move forward with the Inflation Reduction Act after Democrats reached an agreement to remove the carried interest tax provision.

npr.org

Senate will take up Democrats' tax, climate and health bill on Saturday, Schumer says

Senate Majority Leader Chuck Schumer has repeatedly said Democrats are on track to pass the Inflation Reduction Act in the coming days, but a few roadblocks still stand in the way.

npr.org

Democrats say they've reached agreement on economic package

Senate Democrats say they have reached an accord on changes to their marquee economic legislation, clearing the major hurdle to pushing one of President Joe Biden’s leading election-year priorities through the chamber in coming days.

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Biden, Republicans spar over impact of Dems' economic plan

Democrats call it the “Inflation Reduction Act.”.

GOP targets for Dem bill: Inflation, taxes, Manchin, Sinema

Republicans see inflation, taxes and immigration as Democratic weak spots worth attacking in the upcoming battle over an economic package the Democrats want to push through the Senate.

Kyrsten Sinema reportedly wants to block Democrats from narrowing the carried interest loophole benefiting rich investors

Obama and Trump both tried and failed to close the carried interest loophole. Biden's big bill hangs in the balance with Sinema still undecided.

news.yahoo.com

The Michigan Republican Party cancels election watch party amid threat concerns

The Michigan Republican Party said it canceled a Tuesday evening primary watch party in Lansing after a man came to the party's headquarters and threatened to shoot up the building and burn it down.

news.yahoo.com

Explaining the $14 billion tax 'loophole' that Senate Democrats want to close

The "carried interest loophole" allows hedge fund managers to tax their income at a lower rate than an ordinary salary. The provision is unpopular — yet it has survived many attempts to eliminate it.

npr.org

On The Money — Manchin swaps proposals with Sinema

Sen. Joe Manchin (D-W.Va.) is working on getting Sen. Kyrsten Sinema’s (D-Ariz.) support for the deal he cut with Senate Majority Leader Charles Schumer (D-N.Y.). We’ll also look at the latest data on the strength of the labor market and more sanctions on Russia. But first, Dee Snider is going after a top GOP candidate. Welcome…

news.yahoo.com

Will the “Carried-Interest Loophole” Finally Die?

Democrats may be on the verge of forcing private-equity tycoons to pay their fair share in taxes—a step that reformers have been demanding for years.

newyorker.com

Biden announces U.S. operation killed al-Qaida leader who helped plan 9/11

Speaking on Monday evening, President Biden said the U.S. conducted an airstrike in Afghanistan on Saturday that killed Ayman al-Zawahri, who was one of the masterminds behind the Sept. 11, 2001, terrorist attacks and who took over as leader of al-Qaida after the death of Osama bin Laden.

news.yahoo.com

Bipartisan compromise bill would restore abortion rights

A bipartisan group of senators is pushing compromise legislation to restore abortion access in the wake of the June Supreme Court decision to overturn Roe v. Wade.

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Democrat Sinema's views on economic bill remain shrouded

Democratic Sen. Kyrsten Sinema's views remained a mystery as party leaders eye votes later this week on their emerging economic legislation.

Kyrsten Sinema and bipartisan group of senators introduce bill to restore abortion rights

Republican Sen. Lisa Murkowski and Susan Collins join Sinema and Democrat Tim Kaine in wanting to codify Roe v. Wade protections into federal law.

news.yahoo.com

Koch network pressures Sens. Manchin, Sinema to oppose $739 billion tax-and-spending bill

The Inflation Reduction Act of 2022 promises to raise $739 billion in revenue by setting a minimum corporate tax rate and changing Medicare drug pricing.

cnbc.com

Transcript: Sen. Joe Manchin on "Face the Nation," July 31, 2022

The following is a transcript of an interview with Sen. Joe Manchin of West Virginia that aired on Sunday, July 31, 2022, on "Face the Nation."

cbsnews.com

Manchin demurs on Biden in 2024 and Dem majorities this year

Democratic Sen. Joe Manchin is declining to endorse Joe Biden if the president seeks a second term in 2024 and is refusing to say whether he wants Democrats to retain control of Congress after the November elections.

Dems seem headed for climate, health win after ups and downs

It’s been more than a year in the making and has seen plenty of ups and downs.

Manchin and Sinema are on a collision course over closing a tax loophole for rich Americans. It could upend Biden's $790 billion deal.

It's possible Democrats will wait days, if not weeks, before Sinema breaks her silence on a surprise spending deal.

news.yahoo.com

Climate groups react to Manchin’s surprise turnaround on reconciliation bill

If passed and signed into law, the reconciliation bill would be the largest climate investment ever taken by Congress.

cnbc.com

Unexpected deal would boost Biden pledge on climate change

An unexpected deal reached by Senate Democrats would be the most ambitious action ever taken by the United States to address global warming and could help President Joe Biden come close to meeting his pledge to cut greenhouse gas emissions in half by 2030.

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Deal on Capitol Hill could ease seniors' health costs

Some older Americans are cheering news of a deal on Capitol Hill that could lead to lower drug costs.

What's in Senate Democrats' new health care, climate and tax proposal

The Inflation Reduction Act was revealed Wednesday and has the backing of Sen. Joe Manchin, a Democrat from West Virginia.

cbsnews.com

Biden hails economic bill amid signs of broad Dem support

President Joe Biden is hailing a nascent Democratic package of climate, health care and tax initiatives as a giant step forward for the country.

All about Manchin: What Biden wanted for US, senator did not

It was launched as the new president’s ambitious plan for rebuilding America.

Biden backs filibuster exception to protect abortion access

President Joe Biden says he would support an exception to the Senate filibuster to protect access to abortion after the U.S. Supreme Court overturned Roe versus Wade.

How John Cornyn and the U.S. Senate defied 26 years of inaction to tackle gun violence

Four senators, including Cornyn, used a distinctive combination of policy expertise, legislative experience and political courage to push past obstacles that had repeatedly stymied previous attempts at compromise.

How the Senate defied 26 years of inaction to tackle gun violence

The legislation represents a crash effort between four wildly different lawmakers thrown together by circumstance and pushed to action by unspeakable tragedies.

washingtonpost.com

Congress sends landmark gun violence compromise to Biden

The House has sent President Joe Biden the most wide-ranging gun violence bill Congress has passed in decades.

Senate OKs landmark gun violence bill, House passage is next

The Senate has approved a bipartisan gun violence bill.

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Ghastly shootings, political forces align to prompt gun deal

Last month's mass shootings in Buffalo, New York, and Uvalde, Texas, have produced a groundswell for change in Congress.

GOP, Dem Senate bargainers divided over gun deal details

Democratic and Republican senators are at odds over how to keep firearms from dangerous people.

Vulnerable Dems run against Washington — and their party

Many of the nation’s most vulnerable Democrats are actively trying to distance themselves from Washington — and their party — as the midterm season enters its next phase.

Biden tells Democratic donors "we need two more senators"

After wrapping up the Summit of the Americas in Los Angeles, President Joe Biden turned his attention from foreign policy to politics.

GOP's Cornyn tapped to lead as Senate talks gun law changes

Less than 48 hours after a gunman stormed an elementary school and killed 19 children and two teachers in his home state of Texas, Sen. John Cornyn was tapped to lead gun policy negotiations in the Senate.

Liberals aim to channel anger over Roe toward GOP

Democrats and liberals are frustrated that some in their own party obstruct their aims, from abortion to climate. But they hope to focus that anger against Republicans in the fall.

washingtonpost.com

Collins, Murkowski, Manchin, and Sinema weigh in on SCOTUS leak

Collins, Murkowski, Manchin, and Sinema weigh in on SCOTUS leak

news.yahoo.com

Kyrsten Sinema nearly walked out on Biden last year during a heated exchange over his economic agenda, book says

Sinema feuded with Biden when he told other Dems about her demands to cap social spending at $1.1 trillion. "Do you want me to leave?" she asked.

news.yahoo.com

White House: Without funding US will lose COVID treatments

After two years at the front of the line for COVID-19 vaccines and treatments, the U.S. could soon have to begin taking a number.

Ad

Jamie Dimon, other JP Morgan executives donated to centrist Democrat Kyrsten Sinema

J.P. Morgan Chase CEO Jamie DImon and other executives donated to Democratic Sen. Kyrsten Sinema as she opposed key elements of her party's agenda.

cnbc.com

Moderate Democrats join GOP senators to back bill to delay end of Title 42 border expulsions

The CDC is planning to stop authorizing the expulsions of migrants under a pandemic-era rule on May 23.

cbsnews.com

Murkowski, Romney back Jackson, all but assure confirmation

Republican Senators Lisa Murkowski and Mitt Romney say they will vote to confirm Judge Ketanji Brown Jackson’s historic nomination to the Supreme Court, giving President Joe Biden’s nominee a new burst of bipartisan support to become the first Black woman on the high court.

Vulnerable Dems warn Biden about reopening asylum

The Biden administration’s decision to end sweeping asylum limits at the border this May satisfied demands by prominent Democrats.

Graham says he'll vote 'no' on Jackson for Supreme Court

Republican Sen. Lindsey Graham says he won’t vote for Supreme Court nominee Ketanji Brown Jackson.

GOP Sen. Susan Collins To Vote To Confirm Jackson To The Supreme Court

Senate Democrats already had enough votes to confirm her to the high court if every member in their party voted in her favor.

www1.newsy.com

GOP Sen. Susan Collins To Vote To Confirm Jackson To The Supreme Court

Senate Democrats already had enough votes to confirm her to the high court if every member in their party voted in her favor.

newsy.com

GOP Sen. Susan Collins To Vote To Confirm Jackson To The Supreme Court

Senate Democrats already had enough votes to confirm her to the high court if every member in their party voted in her favor.

www3.newsy.com

With at least one GOP vote, Jackson likely to be confirmed

Maine Sen. Susan Collins says she'll vote to confirm Judge Ketanji Brown Jackson, giving Democrats at least one Republican vote and all but assuring Jackson will become the first Black woman on the Supreme Court.

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Biden budget has Manchin priorities: Tax rich, cut deficit

President Joe Biden’s $5.8 trillion budget for next year would trim federal deficits and boost taxes on the wealthiest Americans.

EXPLAINER: How would billionaire income tax work?

The “Billionaire Minimum Income Tax” included in President Joe Biden's proposed budget is part of the administration’s effort to reduce the federal deficit.

Arizona Republicans fight culture war in battleground state

Arizona has long been fertile ground for a social conservative agenda, with some of the nation’s toughest laws against abortion and a history of restricting LGBTQ rights.

Democrats appear united on Jackson; GOP votes may be elusive

Democratic Sen. Joe Manchin has announced his intention to support the nomination of Ketanji Brown Jackson to serve on the U.S. Supreme Court, pushing her one step closer to confirmation.

A New Bill Could Do Away With Daylight Saving Adjustments

A new bill could do away with daylight savings shifts in the U.S. — but that might cause some other problems.

www1.newsy.com

A New Bill Could Do Away With Daylight Saving Adjustments

A new bill could do away with daylight savings shifts in the U.S. — but that might cause some other problems.

newsy.com

The Senate just voted to abolish Standard Time and make Daylight Saving Time permanent

The Senate just voted to abolish Standard Time and make Daylight Saving Time permanent

news.yahoo.com

Sen. Ben Ray Luján returns to Senate, just one month after major stroke

Lujan, 49, had initially predicated a four-to-six-week recovery following the cerebellar stroke he suffered on Jan. 27.

washingtonpost.com

State of the Union: Biden vows to halt Russia, hit inflation

Addressing a concerned nation and anxious world, President Joe Biden has vowed in his first State of the Union address to check Russian aggression in Ukraine, tame soaring U.S. inflation and deal with the fading but still dangerous coronavirus.

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Senators to watch as Supreme Court fight unfolds

President Joe Biden and Senate Democrats say they are hoping for a bipartisan vote to confirm Ketanji Brown Jackson to the Supreme Court.

Rents reach 'insane' levels across US with no end in sight

Rents have exploded across the country, causing many to fall behind on payments, dig deep into their savings or downsize to subpar units.

"CBS Evening News" headlines for Wednesday, February 16, 2022

Here's a look at the top stories making headlines on the "CBS Evening News with Norah O'Donnell."

news.yahoo.com

Senator Rick Scott talks Republican views on Ukraine, midterms and January 6

Senator Rick Scott, a Florida Republican, joined CBS News' Lana Zak and Vladimir Duthiers to discuss the U.S. response to the Russia-Ukraine standoff, the upcoming midterm elections and the January 6 investigation.

news.yahoo.com

U.S. could see deep sea rise over next 30 years

America’s coastline will see sea levels rise in the next 30 years by as much as they did in the entire 20th century, with major Eastern cities hit regularly, a government report warns. (Feb. 15)

news.yahoo.com

Kenmore mother shares story about having heart attack at 36

Kenmore mother shares story about having heart attack at 36

news.yahoo.com

Super Bowl LVI: Jags QB Trevor Lawrence is excited for fresh start under new head coach

Jaguars QB Trevor Lawrence joined Mackenzie Salmon on Sports Seriously.

news.yahoo.com

GoBike Buffalo looks to create safer streets for cyclists and pedestrians

He said pedestrian deaths should not be something that happens, even once a year. And Heffernan said facing these issues starts by doing two things: one, decreasing city speed limits and two, redesigning roads and intersections

news.yahoo.com

Special Report: Biden says Russian invasion of Ukraine "remains distinctly possible"

President Biden addressed the nation about the rising tensions on Ukraine's border. Norah O'Donnell anchors a CBS News Special Report with Charlie D'Agata in Lviv, Ukraine, David Martin at the Pentagon and Weijia Jiang at the White House.

news.yahoo.com
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WNY family hopes to adopt 11-year-old Ukrainian boy

WNY family hopes to adopt 11-year-old Ukrainian boy

news.yahoo.com

Democratic Senate debates merits of passion vs. pragmatism

Democrats have conflicting views of what they're accomplishing in the 50-50 Senate and of how to take advantage of their control on the chamber.

Biden puts focus on drug prices in fight against inflation

President Joe Biden is trying to jump-start progress on his stalled domestic agenda by refocusing attention on one of his most popular proposals, limiting the cost of prescription drugs.

History shows every moment counts for Dems' hold on Senate

More than 600 sitting senators have died or resigned since the first Congress met in 1789.

Sen. Luján to be out at least 4 weeks, Biden agenda at risk

The Democrats’ fragile hold on the Senate majority has become vividly apparent with the sudden illness of of New Mexico Sen. Ben Ray Luján.

Divided no more? Court opening may draw Democrats together

Democrats have fractured repeatedly over President Joe Biden’s agenda, stalling legislation and creating an atmosphere of mistrust that threatens the party’s political prospects in November.

After bitter battles, Senate eyes less toxic court fight

In a Senate where bitter Supreme Court battles have left a lasting imprint, the confirmation of President Joe Biden’s pick for Supreme Court has the potential to be much less combative and toxic.

Democrats seek swift confirmation to fill Supreme Court seat

Senate Democrats have played defense for the last three Supreme Court vacancies.

Dems see high court pick as chance to revive 2022 prospects

Word of Justice Stephen Breyer's pending retirement may be lifting Democratic hopes ahead of midterm elections.

Some SC Black Dems want Biden to `try a little bit harder'

President Joe Biden often cites the critical role that South Carolina played when he won the Democratic nomination in 2020.

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