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In reply to the discussion: Democrats, Sinema reach deal on new taxes in Inflation Reduction Act [View all]lapucelle
(18,254 posts)57. Perhaps the possibility of negotiations on carried interest was baked in from the start.
At any rate, it is likely that the carried interest loophole will be revisited in the near future. That's why it's important to grow our majority in the Senate.
We'll have opportunities for reconciliation bills in the 118th Congress (January 2023) if we hold our majority.
That's why it's disappointing to see this bill mischaracterized on this forum. It serves to depress the Democratic vote.
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To make up for the lost revenue, Democrats have agreed to add a 1 percent excise tax on stock buybacks, according to two people familiar with the agreement. That provision had been included in earlier iterations of the bill, including the version the House passed last November.
Sinema said shes willing to consider legislation changing the taxation of carried interest and would work with Sen. Mark Warner, D-Va., a centrist Finance panel member, on it after the budget reconciliation measure advances.
Following this effort, I look forward to working with Senator Warner to enact carried interest tax reforms, protecting investments in America's economy and encouraging continued growth while closing the most egregious loopholes that some abuse to avoid paying taxes, she said.
Sinema said shes willing to consider legislation changing the taxation of carried interest and would work with Sen. Mark Warner, D-Va., a centrist Finance panel member, on it after the budget reconciliation measure advances.
Following this effort, I look forward to working with Senator Warner to enact carried interest tax reforms, protecting investments in America's economy and encouraging continued growth while closing the most egregious loopholes that some abuse to avoid paying taxes, she said.
https://rollcall.com/2022/08/04/sinema-ready-to-advance-budget-bill-after-tax-changes/
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Democrats, Sinema reach deal on new taxes in Inflation Reduction Act [View all]
BumRushDaShow
Aug 2022
OP
its a long, long way from a BFD but when we have fascist roadblocks in our own party
yaesu
Aug 2022
#9
Sounds like they are leaving out the best part of the bill, why even bother at this point?
yaesu
Aug 2022
#6
With all the new leases, I don't see you 40% emission reduction is achieved. Nt
Fiendish Thingy
Aug 2022
#46
The information about the new leases has 9th become public in the past day
Fiendish Thingy
Aug 2022
#55
Here's hoping that getting some legislation passed will also help this November .
Lonestarblue
Aug 2022
#7
Perhaps the possibility of negotiations on carried interest was baked in from the start.
lapucelle
Aug 2022
#57
There are so many prime BLM and off-shore leases offered to the oil and gas industry right now.
texasfiddler
Aug 2022
#23
So former Green Sinema held out for a removal of a "key tax targeting wealthy investors"
Yo_Mama_Been_Loggin
Aug 2022
#18
People who benefit from carried interest loophole must have paid her tons of money
IronLionZion
Aug 2022
#31