Sinema Seeks to Keep Private Equity Break

Sen. Kyrsten Sinema (D-AZ) “is seeking to preserve a tax break for investment managers and narrow a levy hike on large corporations in the economic package Democrats want to pass as soon as this week,” Bloomberg reports.

“The Arizona Democrat, a pivotal vote in the Senate, is asking to drop a provision from the bill that would scale back a tax break for fund managers, known as carried interest… She is also pushing to narrow the 15% domestic minimum tax on financial profits, also known as the book tax.”

Washington Post: “On both, Sinema’s exact requests are unclear, though she previously expressed some openness to a minimum corporate tax.”