Author Topic: Sinema removes billionaire tax loophole from Manchin bill while raking in private equity money  (Read 91 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 348,987
  • Gender: Female
  • Let's Go Brandon!
 August 5, 2022 11:50am EDT
Sinema among top private equity cash recipients as she removed billionaire tax loophole from Manchin bill
The carried interest tax provision was removed from the Inflation Reduction Act as part of her approval of the bill
By Joe Schoffstall , Thomas Catenacci | Fox News

Sen. Kyrsten Sinema, D-Ariz., has raked in significant amounts of campaign cash from the private equity sector, which notched a victory after she lobbied to remove a billionaire tax loophole from the Inflation Reduction Act as part of her agreement to back the legislation.

The Arizona Democrat announced Thursday that she would "move forward" in supporting the Inflation Reduction Act, the reconciliation package Senate Democrats unveiled last week. As part of the agreement, she successfully removed the carried interest tax provision, which targeted a loophole used by wealthy Americans.

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

Sinema's move is a win for the private equity sector, which pours large amounts of cash into her campaign's coffers.

Don't forget 10% for the "Big Guy"
Support the USO
Democrat Party...the Party of Infanticide

I have come to the conclusion that one useless man is a disgrace, that two become a lawfirm & that three or more become a congress." -John Adams

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”

-Matthew 6:34

Online catfish1957

  • August 8,2022...... The date the FBI raid heard around the world forced the need for sucession
  • Cat Mod
  • *****
  • Posts: 22,951
  • Gender: Male
She's got the looks and body for a strumpet.

Seems she has the financial accumen too.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.