Tag Archives: carried interest loophole

Kenny Stancil, Common Dreams Senate Democrats passed a pared-backed reconciliation package on Sunday, but only after a pair of widely supported provisions that would have made it harder for Wall Street tycoons to reduce their tax bills were removed at the behest of Sen. Kyrsten Sinema—the right-wing Arizona Democrat who …

Sen. Kyrsten Sinema announced late Thursday that she has agreed to back Democrats’ new reconciliation bill, but only after securing changes to a proposed levy on major corporations and forcing the removal of a provision targeting a notorious tax loophole exploited by rich investors. In a statement, Sinema (D-Ariz.) said that …