Sinema Among Top Recipients Of Private Equity Cash As Manchin Bill Removes Billionaire Tax Loophole
Sen. Kyrsten Sinema, D-Ariz., has raised significant amounts of campaign cash from the private equity sector, which scored a victory after pushing to eliminate a billionaire tax loophole from the Inflation Reduction Act as part of the deal of supporting the legislation. The Arizona Democrat announced Thursday that she will “move forward” in support of the Inflation Reduction Act, the reconciliation package that Senate Democrats unveiled last week. As part of the deal, he successfully removed the carried interest tax provision, which targeted a loophole used by wealthy Americans....