AZ Senator Krysten Sinema is probably one of the most disliked women in America right now. A new report doesn’t help that fact considering it confirmed what many had suspected about Sinema ‘s financial fundraising while in government. Sinema received more than $1m in funding from private fund managers and then turned around and helped kill a tax that would’ve taxed those managers appropriately.
That tax if you’re wondering is known as the carried interest tax. It allows these managers to be taxed at a much different rate than an ordinary person. Essentially the tax is designed in a way that has a much lower tax rate than ordinary taxes even if revenues are soaring. AP review of her finances made this among several other discoveries.