The Loophole That Wouldn't Die

This is the story of a huge tax loophole, a bill to eliminate it, the billionaire investors who wanted to keep it, the senator who helped them, how the bill died, and the power of money in politics.

Sinema · Carried Interest · IRA 2022 — Story Network · 25 nodes · 44 edges

POLITICAL ACTORS
Political Actor
Kyrsten Sinema
15 connections
Political Actor
Chuck Schumer
2 connections
Political Actor
Joe Manchin
2 connections
Political Actor
Joe Biden
2 connections
Political Actor
Progressive Caucus
2 connections
Political Actor
Larry Summers
2 connections
FINANCIAL INDUSTRYS
Financial Industry
Alt. Asset Managers
5 connections
Financial Industry
Blackstone
4 connections
Financial Industry
American Inv. Council
3 connections
Financial Industry
KKR
2 connections
Financial Industry
Welsh Carson & Stowe
2 connections
POLICY MECHANISMS
Policy Mechanism
Carried Interest Loophole
11 connections
Policy Mechanism
Inflation Reduction Act
8 connections
Policy Mechanism
Build Back Better
4 connections
Policy Mechanism
Budget Reconciliation
2 connections
Policy Mechanism
Stock Buyback Tax
2 connections
Policy Mechanism
Corp Min. Tax
2 connections
OUTCOMES
Outcome
Loophole Survives
2 connections
Outcome
Sinema Leaves Dems
2 connections
Outcome
PE Wins $35B
2 connections
Outcome
IRA Passes 51-50
1 connections
THEMES
Theme
Money in Politics
4 connections
Theme
Structural Inequality
3 connections
Theme
Democratic Accountability
2 connections
Theme
Opacity as Strategy
2 connections