Democratic Sen. Kyrsten Sinema of Arizona has received nearly $1 million in campaign contributions over the past year from private equity professionals, hedge fund managers and venture capitalists whose interests she has staunchly defended in Congress.
Sinema has long aligned herself with the interests of private equity, hedge funds and venture capital, helping her net at least $1.5 million in campaign contributions since she was elected to the House a decade ago. But the $983,000 she has collected since last summer more than doubled what the industry donated to her during all of her preceding years in Congress combined, according to an Associated Press review of campaign finances disclosures.
“Senator Sinema makes every decision based on one criteria: what’s best for Arizona," Hurley said in a statement. “She has been clear and consistent for over a year that she will only support tax reforms and revenue options that support Arizona’s economic growth and competitiveness.” She's been far more magnanimous since, praising private equity in 2016 from the House floor for providing"billions of dollars each year to Main Street businesses” and later interning at a private equity mogul's boutique winery in northern California during the 2020 congressional recess.
“I generally support centrist Democrats and her seat is important to keep a Democratic Senate majority,” Belluck said, adding that his family has known Sinema since her election to Congress."She and I have never discussed private equity taxation.” But after private equity lobbyists discovered a provision in the bill that would have subjected many of them to a separate 15% corporate minimum tax, they urgently pressed Sinema and other centrist Democrats for changes, according to emails as well as four people with direct knowledge of the matter who requested anonymity to discuss internal deliberations.
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