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August 5, 2022

Sen. Sinema Will Support Reconciliation Bill After Dems End Tax Increase on Rich Investors
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Democratic Senator Kyrsten Sinema said Thursday she will support a
budget reconciliation bill containing some of the Democrats' legislative
priorities on healthcare and the climate crisis. As a condition of her
support, Sinema demanded Democratic leaders agree to abandon a provision
that would close the "carried interest loophole" - a tax break exploited
by hedge fund and private equity managers to pay lower tax rates than
middle-income workers. Senate Majority Leader Chuck Schumer said a
revised version of the bill would be released on Saturday.


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