The latest effort to narrow the preferential tax treatment used by private equity executives failed after Senator Kyrsten Sinema objected.
Tag: Income Tax
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Carried Interest Is Back in the Headlines. Why It’s Not Going Away.
Changes demanded by Senator Kyrsten Sinema will preserve a tax loophole that Democrats have complained about for years.
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Sinema Agrees to Climate and Tax Deal, Clearing the Way for Votes
The Arizona Democrat had been her party’s last remaining holdout on the package, now slated to move forward on Saturday and pass the Senate within days.
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Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible
Despite Republican claims, the new legislation would be only a modest corporate tax increase, Congress’s Joint Committee on Taxation found.
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Democrats Propose Raising Taxes on Some High Earners to Bolster Medicare
The draft plan, which is expected to be unveiled in the coming days, is part of talks over how to salvage pieces of President Biden’s domestic agenda.