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

  • GodlessCommieEnglish
    22·
    7 months ago

    Biden, and like all Democrats before him, set the stage for Trump to get away with most of what he is currently doing. Democrats always lay the groundwork for fascism. I don’t think anyone supporting a party that has lost two times to a carnival barker is in any position to be lecturing anyone on politics.