"Sinema changed her affiliation from Democrat to independent in December, which means a reelection announcement would spark a contentious three-way race between the independent incumbent and Republican and Democratic nominees."
On behalf of private equity and hedge fund managers, Sinema successfully stripped the carried interest tax loophole from Biden's major climate. The loophole allows these executives to pay a lower rate of tax than workers pay on earned income.
[GMOM has documented that the provisions that tax dividends and capital gains at lower rates cost nearly $2,000 per person (over $600 billion per year) in lost federal revenue.
Charlie Cooper
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