Senator Kyrsten Sinema had one main request before she would support a key spending bill: Preserve a tax loophole that mainly benefits people in private equity.
Sinema is in. But a plan to close a big tax loophole is out.
Last night, Senator Kyrsten Sinema, Democrat of Arizona, announced her support for the Inflation Reduction Act — the climate, tax and health care package that would spend about $300 billion, and raise taxes by roughly the same amount, over 10 years. With Sinema on board, the bill is likely to move quickly through the Senate.
Sinema had one main request before she would sign on: Remove a provision that would have partly closed the carried interest loophole. This bit of wiggle room