Sinema received nearly $1 million from Wall Street while killing tax hike on investors
www.pbs.org
Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s 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.

At first sight, the decision to insist on keeping a provision that benefits some of America’s wealthiest people seems a far cry from the concerns of voters in Sinema’s southwestern home state of Arizona.

However an FT analysis shows that the senator is a beneficiary of significant contributions from the private equity industry — whose lobbying machine and political influence have grown increasingly powerful over the past two decades.

Source: The Financial Times

Other sources:

https://theintercept.com/2021/09/26/kyrsten-sinema-private-equity-tax-loophole/

https://www.cnbc.com/2023/02/02/kyrsten-sinema-gets-wall-street-real-estate-support-ahead-of-2024-election.html

  • cosmicgorilla
    34·
    11 months ago

    Ya she was awful. She won her seat as an openly LGBTQ+ Democratic candidate. You’d at least figure she’d vote in line with the party. But with a closely divided Congress, every vote counts. Remember the ACA repeal vote was foiled by one no vote from John McCain.

    So it was pretty obvious when she started to vote against the party, in favor of special interests and not people, that she was getting something from being one of the holdouts. I think she switched to Independent toward the end of her career there. Now she’s pushing AI data centers in AZ because she just goes where the money is.