The seven Democrats who voted for the GOP amendment were incorrect. There was incorrect information in a previous version.
Senate Majority Leader Schumer included in the inflation reduction act a 15 percent corporate minimum tax on businesses that rely on capital investment from private equity groups.
Catherine Masto (D-Nevada), Mark Kelly (D-Ariz.), Jon Ossoff (D- Ga.), Jacky Rosen (D-Nevada), and Raphael Warnock (D-Georgia) are all senators.
Private equity groups that have partnership interests in businesses with less than $1 billion in profits would be affected by the amendment because it would raise taxes on businesses with less than $1 billion in profits.
The amendment would be paid for by a one-year extension of the cap on state and local tax deductions, which was a key feature of the Trump tax cut.
Residents of high-tax blue states such as New York, New Jersey, Connecticut and California would have been hit by the amendment.
Democrats offered an amendment after the other amendment was passed that would make the bill more palatable.
The Warner amendment raised revenue by changing the tax provision.
Vice President Harris cast a tie-breaking vote in favor of Warner's amendment.
Some Democratic senators privately expressed frustration on Sunday morning that Sinema was backing away from the deal she announced with Schumer last week to narrow the 15 percent corporate minimum tax.
Democrats stuck together for more than 14 hours to defeat amendments on both sides of the aisle, including an amendment from Sen.
One Democratic senator who was dismayed to find out that Sinema is pushing for a change to the underlying bill warned that it could be problematic.
Proponents of the Thune amendment argue that the minimum tax included in the Inflation Reduction Act will lead to thousands of businesses accepting investment partnerships with private equity firms during the economic downturn.
According to sources familiar with the discussions, Sinema is concerned that small businesses such as plant nurseries and car detailing shops in Arizona could be caught up in the corporate minimum tax if they have a partnership relationship with a private equity firm.
The source said Schumer added language to the underlying bill that expanded the scope of the minimum tax.
The revenue-raising provision is called a book minimum tax because it requires companies to declare income based on generally accepted accounting practices, which are stricter than what is required under current law, which includes various tax breaks and shelters that make it easier for businesses to shield income from the IRS.
The minimum tax on partnerships made up of many companies that don't earn $1 was included for the first time in the new text of the bill, according to one person familiar with the changes.
$35 billion in revenue would be raised by the added language.
It would be unacceptable to Schumer or another Democrat from a high-tax state to vote for the bill if it were to be stripped out and pay for it.
At 3:05 p.m., the story was changed.
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