Why Sen. Sinema Preserved the Carried Interest Loophole
The United States Senate on Saturday passed the Inflation Reduction Act, a sprawling bill on climate, healthcare, pharmaceuticals, and taxes. Extracting a steep price for her support of the bill, Arizona’s Democratic senator, Kyrsten Sinema demanded that a provision cutting back the carried interest loophole be removed.
The loophole has enriched private equity executives for years and survived multiple legislative attempts to thwart it, thanks to intense lobbying by the financial industry.
Rising Up with Sonali is a radio and television show that brings progressive news coverage rooted in gender and racial justice to a wide audience. Rising Up With Sonali was built on the foundation of Sonali Kolhatkar's earlier show, Uprising, which became the longest-running drive-time radio show on KPFK in Los Angeles hosted by a woman. RUS airs on Free Speech TV every weekday.
Missed an episode? Check out Rising Up on FSTV VOD anytime, or visit the show page for the latest clips.
#FreeSpeechTV is one of the last standing national, independent news networks committed to advancing progressive social change.
#FSTV is available on Dish, DirectTV, AppleTV, Roku, Sling, and online at freespeech.org
Sign up for Our Newsletter
Get updates about the policies and topics that matter the most to you. Progressive news directly to your email.