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Sen. Kyrsten Sinema Questions Tax Provisions of Democrats’ Reconciliation Bill

HeadlineAug 04, 2022

On Capitol Hill, Arizona Democratic Senator Kyrsten Sinema has signaled she wants changes to a budget reconciliation bill containing many of President Biden’s legislative priorities on energy, taxes and healthcare. In a private call with Arizona’s Chamber of Commerce on Tuesday, Sinema questioned part of the Inflation Reduction Act that would impose a 15% minimum tax on corporations. Sinema also questioned a provision to close the “carried interest loophole,” which taxes private equity and hedge fund managers at lower rates than most U.S. workers.

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