Without one intransigent Democratic senator and a significant political misjudgment by the Biden administration, we would have had an even more consequential package in the Inflation Reduction Act.
Tag: Sinema, Kyrsten
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The Tax Loophole That Won’t Die
The carried interest exception effectively allows a select group of people on Wall Street to pay half as much tax as their peers. Here’s how it has survived.
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How Private Equity Lobbying Watered Down the Corporate Minimum Tax
The new corporate minimum tax is not law yet and is already rife with exceptions for the businesses that might have to pay it.
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How a New Corporate Minimum Tax Could Reshape Business Investments
With a new corporate minimum tax, Democrats would be adding complexity to an already byzantine tax system.
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Progressives Embrace Climate and Tax Deal, Despite Disappointments
Liberal Democrats who once demanded a far more ambitious plan appear ready to support a climate, health and tax package that could be their party’s last chance to enact some of its agenda.