YSK that President Joe Biden wanted to end a loophole benefiting Private Equity billionaires. Powerful Senator Kyrsten Sinema opposed it. She was lavishly rewarded.

www.pbs.org Sinema received nearly $1 million from Wall Street while killing tax hike on investors

Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would have increased under ...

At first sight, the decision to insist on keeping a provision that benefits some of America’s wealthiest people seems a far cry from the concerns of voters in Sinema’s southwestern home state of Arizona.

However an FT analysis shows that the senator is a beneficiary of significant contributions from the private equity industry — whose lobbying machine and political influence have grown increasingly powerful over the past two decades.

Source: The Financial Times

Other sources:

https://theintercept.com/2021/09/26/kyrsten-sinema-private-equity-tax-loophole/

https://www.cnbc.com/2023/02/02/kyrsten-sinema-gets-wall-street-real-estate-support-ahead-of-2024-election.html

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53 comments

Those of us who were actually paying attention know that Biden, while flawed like all human beings, was actually going to bat for average Americans.
And we repaid him by telling him to fuck off in favor of an equally old felon rapist insurrectionist pedophile born rich trash excuse for a human being.
Good job 'Merica.
- bUt hE LoVeD tHe GeNoSiDez!!?1
- "But but but uh Bully pullpit!"
- He still signed the bill, with all of her bullshit changes intact, into law.
- did you know that 30% of Americans didn't vote? estimates include half of those were in protest of the attacks in Gaza while others failed to vote because they feel disenfranchised, were blocked at the polls, or others.
  if you account for the missing 30%, only 40% voted for the orange bitch.
  had they not protested, or failed to vote early, trump would probably be in prison right now.
  but hey. at least Trump saved all those Palestinian children in Gaza, right?
  
  I don't know what estimates you're talking about but they're absurd if they say that 15% of Americans didn't vote because of Gaza. That's lunacy. Simply absurd.
  
  had they not protested, or failed to vote early, trump would probably be in prison right now.
  Or, you know, had Biden not enthusiastically participated in the genocide of these people's friends and families.
  On top of ignoring the affordability crisis.
  
  enthusiastically participated in the genocide
  Do you actually take yourself seriously? Because reasonable people do not.
- was actually going to bat for average Americans.
  Is this satire?
  
  No, it's a statement from someone who, unlike you, was paying attention.
  
  It's BlueMAGA fantasy fiction.
  
  I like it when dipshits who weren't paying attention use buzzwords like "BlueMAGA" and think it makes them look like they were paying attention.
  
  The problem with your claim is that we are the only ones paying attention. Democrats had their heads buried in the sand and were busy at brunch while Biden was office and only focus on Trump committing the same crimes.
  
  Hey, the knuckle dragger who uses the term "BlueMAGA" unironically decided to respond with a low effort comment devoid of facts. Nice.
  Democrats had their heads buried in the sand and were busy at brunch while Biden was office
  Vaccine rollout ending lockdowns
  American Rescue Plan (HUGE investment in our economy/education/consumer protections)
  Inflation Reduction Act
  Bipartisan Infrastructure Law (biggest infrastructure investment in our lifetimes)
  SNAP Act
  Created jobs every month consecutively for entire term (only administration in history to do this)
  Biden stood on a picket line with striking workers (first president in history to do so)
  Social Security Fairness Act (first administration in 20 years to expand SS benefits)
  Increased federal contractor minimum wage.
  Forgave student loans for millions of people.
  Tried to remove medical debt from appearing on credit reports before being blocked.
  This is just a FRACTION of what Biden and Dems did. And infinitely more than what you were aware of.
  Look, kiddo. You aren't informed. That's what leads you to say things like "BlueMAGA" without realizing how stupid it makes you look. That's what leads you to try to compare Biden and Trump when it comes to lawlessness, which is only something a pretty dumb person with absolutely no knowledge about either individual would do.
  Get yourself back in school. You need it.
  
  You are the poster child of BlueMAGA.
  
  Agreed. I don't understand how anyone could have this perspective if you actually had to buy your own groceries or pay a medical bill over the last four years, absent their social media algorithm warping their sense of reality.
  
  Like I said.
  Those of us who were actually paying attention
  Those of us who were paying attention know that we were recovering, like the rest of the world, from a global pandemic and that we were doing so more efficiently than most other countries. We also know that our groceries were less expensive than they are now. We also know Biden tried to remove medical debt from credit reports. We also know he tried (and somewhat succeeded) at forgiving student loan debt.
  Not to mention the American Rescue Plan and CHIPS act that helped stimulate the economy.
  But I'm sure your feelings are more accurate than these facts.
  
  You're talking as if your senile pedo rapist was any different than the one in office now.
  
  Tell me more about how our situation was worse then than it is now.
  Tell me more about how Biden had the military in our cities and masked federal goons regularly harassing and assaulting American citizens.
  Tell me more about how Biden pardoned hundreds of violent insurrectionists.
  Tell me more about how Biden had Roe v Wade repealed.
  Tell me more about how Biden caused the value of the dollar to decline 10% in the first 10 months of his presidency.
  Tell me more about how Biden is a convicted felon, adjudicated rapist, insurrectionist, and probable pedophile doing everything in his power to keep/redact the Epstein files from the public.
  Then follow up by telling me how you became so fucking stupid. I'm sure it's a depressing story and I like sad stories.
  
  Biden, and like all Democrats before him, set the stage for Trump to get away with most of what he is currently doing. Democrats always lay the groundwork for fascism. I don't think anyone supporting a party that has lost two times to a carnival barker is in any position to be lecturing anyone on politics.

53 comments