Since we started talking about Roe and Reform, the Democrat’s prospects in the Senate have improved significantly. Dems holding the Senate now seems a more likely outcome than not and a two-seat pick-up seems increasingly plausible. (The 538 polls-only forecast now lists a two-seat pick-up as the most likely outcome of the midterm.) But what about the House? I’ve had a number of people tell me about Roe and Reform, “well, that was a great idea for the Senate but what about the House?” … No, no, no. And no. While holding the Senate has always been within closer reach for Democrats, Roe and Reform has always been a more powerful tool for the House. The senators who are avoiding questions or holding back on Roe and Reform to avoid awkward moments with more hesitant colleagues are greatly reducing the odds of Democrats holding the House. This is especially so now that a two-seat Senate pick-up looks like an increasingly plausible election outcome.

You’ve probably seen the news that Kyrsten Sinema has signed on to the Schumer/Manchin climate and inflation deal. She did so in exchange for nixing the carried interest loophole fix, an almost comically mercenary demand — a payoff to working families in the venture capital and private equity businesses. She also ramped back the corporate minimum tax with some depreciation tweaks. On the plus side, they seem to have made up the revenue and added a bit more with a small surtax on stock buybacks. A modest additional amount of spending goes to drought mitigation, which is of course a big deal for the Southwest.

Senate Democrats appear to have a deal that all 50 members of the caucus will support — including Sens. Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ).

Here’s Sinema in a statement a few minutes ago:

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