{"id":82261,"date":"2022-08-10T00:43:51","date_gmt":"2022-08-10T04:43:51","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82261"},"modified":"2022-08-10T00:51:34","modified_gmt":"2022-08-10T04:51:34","slug":"how-wall-street-wooed-sen-kyrsten-sinema-and-preserved-its-multibillion-dollar-carried-interest-tax-break","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2022\/how-wall-street-wooed-sen-kyrsten-sinema-and-preserved-its-multibillion-dollar-carried-interest-tax-break.html","title":{"rendered":"How Wall Street wooed Sen. Kyrsten Sinema and preserved its multibillion-dollar carried interest tax break"},"content":{"rendered":"\n<p>(CNBC) Long before Sen. Kyrsten Sinema, D-Ariz., held up a massive spending bill that promised to create jobs, invest in clean energy and tax the rich \u2014 delivering on some of President Joe Biden\u2019s and the Democratic Party\u2019s top campaign promises \u2014 those working at Wall Street investment firms had donated millions to the freshman senator\u2019s campaign.<\/p>\n\n\n\n<p>One of her main objections was the bill\u2019s so-called carried interest tax provision \u2014 which would have closed an arcane loophole in tax law that allows hedge fund managers, law firm partners and private equity executives, among others, to pay significantly less taxes than ordinary workers.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/08\/09\/how-wall-street-wooed-sen-kyrsten-sinema-and-preserved-its-multi-billion-dollar-carried-interest-tax-break.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Long before Sen. Kyrsten Sinema, D-Ariz., held up a massive spending bill that promised to create jobs, invest in clean energy and tax the rich \u2014 delivering on some of President Joe Biden\u2019s and the Democratic Party\u2019s top campaign [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82261","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82261"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82261\/revisions"}],"predecessor-version":[{"id":82262,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82261\/revisions\/82262"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}