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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSinema took nearly $1 MILLION of Wall Street money while killing tax on investors
Sinema took Wall Street money while killing tax on investors
Aug. 12, 2022 at 9:50 pm Updated Aug. 13, 2022 at 6:05 am
By BRIAN SLODYSKO
The Associated Press
WASHINGTON (AP) Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her partys longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under the plan.
For years, Democrats have promised to raise taxes on such investors, who pay a significantly lower rate on their earnings than ordinary workers. But just as they closed in on that goal last week, Sinema forced a series of changes to her partys $740 billion election-year spending package, eliminating a proposed carried interest tax increase on private equity earnings while securing a $35 billion exemption that will spare much of the industry from a separate tax increase other huge corporations now have to pay.
The bill, with Sinemas alterations intact, was given final approval by Congress on Friday and is expected to be signed by President Joe Biden next week.
Sinema has long aligned herself with the interests of private equity, hedge funds and venture capital, helping her net at least $1.5 million in campaign contributions since she was elected to the House a decade ago. But the $983,000 she has collected since last summer more than doubled what the industry donated to her during all of her preceding years in Congress combined, according to an Associated Press review of campaign finances disclosures.
More at
https://www.seattletimes.com/business/sinema-took-wall-street-money-while-killing-tax-on-investors/
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I have no idea how these people look at themselves in the mirror.
mucifer
(23,572 posts)mitch96
(13,926 posts)Carlitos Brigante
(26,505 posts)in the mirror.
2naSalit
(86,804 posts)She's quite adept at seeing only what she wants to see.
mitch96
(13,926 posts)Alexander Of Assyria
(7,839 posts)Blue Owl
(50,514 posts)Isnt even a blip in the wealth bucket where that check came from.
Emile
(22,945 posts)mitch96
(13,926 posts)BlueJac
(7,838 posts)Just hearing her name makes me sick!
onecaliberal
(32,902 posts)edhopper
(33,625 posts)"Sinema took nearly $1 MILLION of Wall Street money in return for killing tax on investors"
GreenWave
(6,766 posts)is that 96% of all Senate democrats are fine upstanding people. We should focus on that until the 50/50 Senate is improved upon.
How many fine upstanding Senate GOP are there? 0%?