‘We expect it to be removed’: Democrats’ push to close ‘carried interest loophole’ in jeopardy as Sinema seeks to block effort

Sen. Kyrsten Sinema has signaled her opposition to closing a controversial tax loophole that allows carried interest to be taxed as capital gains instead of income, according to multiple reports.

As a proposal kicking around the Beltway for more than a decade, closing the carried interest tax loophole has won blessing in the U.S. House of Representatives several times, but it’s never won approval in the Senate.

It showed up again as part of the…

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