How the private-equity lobby won—again

Sen. Kyrsten Sinema (D., Ariz.) demanded that Democrats drop the proposed change to the carried-interest tax break. (Photo: AP) — Sen. Kyrsten Sinema (D., Ariz.) demanded that Democrats drop the proposed change to the carried-interest tax break. (Photo: AP)

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7 min read . Updated: 07 Aug 2022, 06:42 PM IST Julie Bykowicz, The Wall Street Journal

Senate Democrats wanted to change the tax rate on carried-interest income. The industry lobby knew how to push back

Private-equity lobbyists call it the tax-code provision with nine lives.

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