Democrats secure Sinema's support for Inflation Reduction Act

Sen. Kyrsten Sinema (D-Ariz.) said Thursday that she plans to "move forward" with a revised version of Democrats' reconciliation bill after reaching a deal to scale back some of the original tax provisions and beef up climate funding.

Why it matters: Sinema was potentially the last hurdle for Democrats who have been seeking to clinch President Biden's longtime goal of passing an ambitious package tackling climate change, health care and taxes — renamed the "Inflation Reduction Act of 2022."

"We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate's budget reconciliation legislation," Sinema said in a statement.

"Subject to the Parliamentarian's review, I'll move forward."