Senator Kyrsten Sinema has reportedly received nearly $1 million over the past year from investors whose taxes would have increased under a plan to raise taxes on wealthy traders, according to the Associated Press. abc15
WASHINGTON, D.C. — Senator 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.
The donations, which make Sinema one of the industry’s top beneficiaries in Congress, serve a reminder of the way that high-power lobbying campaigns can have dramatic implications for the way legislation is crafted, particularly in the evenly divided Senate where there are no Democratic votes to spare. They also highlight a degree of political risk for Sinema, whose unapologetic defense of the industry's favorable tax treatment is viewed by many in her party as indefensible.
The American Investment Council, a trade group that lobbies on behalf of private equity, also defended their push to defeat the tax provisions. The soaring contributions from the industry to Sinema trace back to last summer. That's when she first made clear that she wouldn't support a carried interest tax increase, as well as other corporate and business tax hikes, included in an earlier iteration of Biden's agenda.
The donations from the industry coincide with a $26 million lobbying effort spearheaded by the investment firm Blackstone that culminated on the Senate floor last weekend. “Given the breaking nature of this development we need as many offices as possible weighing in with concerns to Leader Schumer’s office,” Blackstone lobbyist Ryan McConaghy wrote in a Saturday afternoon email obtained by the AP, which included proposed language for modifying the bill.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Sinema Took Wall Street Money While Killing Tax on InvestorsDemocratic Sen. Kyrsten Sinema of Arizona has received nearly $1 million in campaign contributions over the past year from private equity professionals, hedge fund managers and venture capitalists whose interests she has staunchly defended in Congress.
Leer más »
Long mental health wait times at Kaiser may violate state law, says Sen. WienerA shortage of mental health care workers stemming from the pandemic has made it even more difficult to provide follow-up appointments within 10 days, representatives from Kaiser said. Read more ⤵️
Leer más »
PolitiFact - Fact-checking whether Senate hopeful Adam Laxalt helped oil industry then got campaign money from itAs Nevada's attorney general, Adam Laxalt opposed investigations of the oil industry in other states. When he ran unsuccessfully for governor, a super PAC largely funded by oil interests said it spent $2.5 million on ads to support him.
Leer más »
Rand Paul raises specter of impeaching the AG (for some reason)There's no evidence that Attorney General Merrick Garland has done anything wrong. Sen. Rand Paul nevertheless raised the prospect of impeaching him.
Leer más »