Last week, Democratic leaders clinched conservative Sen. Kyrsten Sinema's (D-Arizona) key vote on the Inflation Reduction Act (IRA) by taking out a provision to close a loophole allowing private equity investors and hedge fund managers to pay a lower tax rate on their incomes than the tax rate they would normally face, while providing an exemption from a 15 percent corporate minimum for private equity subsidiaries.
#republicans #essentially #successfully #negotiations #health-care #climate-crisis #fundraising #west-virginia #financial-times #private-equity
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