Manu Raju
@mkraju
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Chief Congressional Correspondent, @CNN . Roaming the Capitol halls, covering the Hill and politics. Die-hard Chicago sports fan. Wisconsin Badger for life.
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Joined May 2009
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Really honored to be the commencement speaker at my alma mater today. Here was my message to the
@UWMadison
graduates.
#OnWisconsin
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Manu Raju Retweeted
Trump attorney Christina Bobb confirms FBI seized documents from Mar-a-Lago today in a statement to CNN. Bobb, a former OAN host, was present for the search at Trump’s Palm Beach residence.
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Manu Raju Retweeted
Trump says MAL has been searched by feds
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Gottheimer: “As for SALT, my line in the sand remains the same. If someone tries to change the tax rates on families in my District, I will insist that we restore the State and Local Tax Deduction.”
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In a sign that the House is almost certain to pass the Senate’s reconciliation package, Reps. Josh Gottheimer and Mikie Sherill say they plan to support it — even though it does not ease the limits imposed by the GOP tax law on SALT deductions individuals can take.
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Senate is now out of session until Sept. 6. Schumer teed up votes on judicial nominees for then
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Senate voting NOW on final passage. Amendment voting started at 1130pmET.
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Thune amendment was adopted, 57-43. Cortez Masto, Hassan, Kelly, Ossoff, Rosen, Sinema, Warncok all voted for the Thune amendment. Several of these Dems are in tough races. Now onto the Warner amendment. “The end is near, I hope,” Warner said.
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After the Thune amendment is adopted, Sen. Mark Warner plans to offer an amendment that would make this change.
After that, Senate will vote on final passage.
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Dems will accept the narrowing of the 15% percent corporate minimum tax. But instead of paying for it through the SALT change, they instead will extend the limitation on the amount of losses that businesses can deduct for another two years. A source says it would raise about $50B
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Since Sinema is supporting the John Thune amendment that would cause a revolt in the House, because it would extend the limitation on SALT deductions, the corporate minimum tax, Democrats now are planning an alternative proposal.
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To avoid a last-minute collapse of the bill, Democrats have found an alternative plan to win over Sen. Kyrsten Sinema who has concerns over the 15% corporate minimum tax's impact on subsidiaries owned by private equity firms, per sources. Bill now on track for final passage.
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Another Senate source says this private equity provision is not new language in the bill, and it was initially part of the House’s Build Back Better bill, disputing the idea that this is a new add
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