For years, Democrats have promised to raise taxes on such investors, who pay a significantly lower rate on their earnings than ordinary workers.
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.
Employees and executives of KKR, another private equity behemoth, contributed $44,100 to Sinema during a two-month span in late 2021.
“Senator Sinema said she would not vote for the bill .. unless we took it out,” Senate Majority Leader Chuck Schumer told reporters last week.
Sinema worked with Republicans on an amendment that stripped the corporate tax increase provisions from the bill, which a handful of vulnerable Democrats also voted for.
Her tax policy positions and focus on growing Arizona’s economy and competitiveness are longstanding and well known,” Hurley, the Sinema spokesperson, said.
In one 2016 lawsuit, the group of creditors asked a judge to divert money from a Puerto Rican pension fund in order to collect. »
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