'The new reconciliation bill will lower the cost of prescription drugs. Sen. Sinema is holding it up to try to protect ultra-rich hedge fund managers so they can pay a lower tax.'
suggested she is likely to object to a $14 billion provision taking aim at the preferential tax rates for wealthy investors—who make up a large portion of her donor base.
The bill would not entirely close the loophole, but would lengthen"the amount of time that you have to hold the investment for it to qualify as a capital gain," making it harder for wealthy investors to benefit. it would harm small businesses' ability to"survive and grow" because"74% of private equity investment went to small businesses last year.","It's possible Democrats will wait days, if not weeks before Sinema breaks her silence on the package.
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