making less than $200,000. and the percent of taxes raised for individuals increases overtime for the middle class and the lower income. they are raising taxes on people who make less than $10, 000, according to the joint committee on taxation. new reaction from a source close to arizona senator kirsten sinema, nbc news is reporting to sources that sinema is not upset she was not included in negotiations on the bill. adding, it is interesting and notable that the tax permissions he consistently opposed has now appeared in the bill. my colleague jonathan capehart just asked one congresswoman if sinema would take it. no. as a result? you see the very confidently. she is enjoying the news while giving heartburn to every democrat, and she is enjoying being talked about. she is not gonna make a full break for the democratic party. but when you re talking it is 14 billion dollars of a massive deal of 800 billion. and she is not going to stop appropriate taxes on people ea
with a controversial stop in taiwan, not ruled out, not confirmed. a live report from kentucky where a deadly flood is deaf stath rural areas. this is by far the worst flooding disaster, at least of my lifetime, in kentucky. it has wiped out what we believe are hundreds of homes. we have half of some of our counties under water. we will lose double digit lives. in pete we trust. i will be joined by our legendary justice correspondent pete williams as we pay tribute to his remarkable career here to nbc news before he heads off for new adventures. we begin with the economy and the white house. joining me now are kristin welker and cnbc senior economics reporter steve leaseman. the white house trying to control the narrative on this economy. inflation continues to be a major drag on their messaging. reporter: you are right. they are trying to put the focus on the fact that the labor market is strong, that the unemployment rate is low. but it is a complicated argument t
appropriate taxes on people earning private equity. meanwhile, house speaker nancy pelosi says she is beginning her trip to asia today. but taiwan is currently not on her list of planned spots. she s leading a delegation of democrats, it says she plans to stop in singapore, malaysia, south korea and japan. and it is now 100 days to the midterm elections. we have a team of correspondents and guests to cover the big races. starting this hour, reporting for, us nbc s aly rafael on the capitol. more there at the white house. let s start with, you ali. what do lawmakers say about this inflation production act, today and what more are we learning about where senator sinema stands on it? yes, lindsey. the lawmaker we heard the most from with senator joe manchin, as you mentioned. going on every single one of the top sunday morning shows. and that is where he made a very public pitch to his colleague senator sinema, for why he says she soaked should support this bill. remember, we have not
we enter a recession. this is what the administration is focused on as well as policy in the wake of senator schumer and senator manchin striking that surprise deal. manchin reversing course after halting talks last week, engaging in talks, striking that deal with schumer on a bill that they are touting as being something that will actually tackle inflation. it includes new taxes as well as things that would invest in trying to lower the cost of prescription drugs and, of course, fighting climate change as well. the big question is whether they have enough votes to pass it. yesterday we also heard robust messaging from president biden on this, calling on democrats to get behind this legislation and to pass this and to send it to his desk. we don t know where senator sinema stands on this. yesterday, she didn t answer reporters questions. her spokesperson basically said that she s reviewing the text. all of washington is watching
you were in with nancy pelosi. this is a senate issue. she s about to go to asia with plans to go to taiwan or not, depending on what they end up deciding. let s talk about this senate bill. what are we hearing from sinema? larry summers was on here while you were in there with pelosi saying that he would say to her, this is an anti-inflation bill and it s a tax fairness bill. it s not increasing taxes on everyone that carried interest issue and it s good for the economy. reporter: that s exactly what senator manchin said when i spoke with him over zoom yesterday. it s the argument he continues to make. when i asked senator manchin if he would potentially be willing to lose the carried interest loophole provision, he said he wouldn t. that s one of the things that now goes into this balancing act. sinema previously drawn a line around that not being something she could support. manchin is now saying that he is