concession
8.7.22
Sinema won a significant concession from Schumer by shielding manufacturing companies from losing their ability to fully write off capital expenditures because of the 15 percent minimum tax. That shrunk the projected revenue from the proposal from $313 billion to $258 billion.
—Alexander Bolton, The Hill, "Senate passes sweeping tax, climate package after marathon vote; Harris breaks tie," 7 Aug. 2022 {3:18 PM ET}
Sinema won a significant concession from Schumer by shielding manufacturing companies from losing their ability to fully write off capital expenditures because of the 15 percent minimum tax. That shrunk the projected revenue from the proposal from $313 billion to $258 billion.
—Alexander Bolton, The Hill, "Senate passes sweeping tax, climate package after marathon vote; Harris breaks tie," 7 Aug. 2022 {3:18 PM ET}