Democrats add stock buyback tax, scrap carried interest to win Sinema over

Democrats are including a tax on stock buybacks to make up for the revenue lost in their climate change package to win over Sen. Kyrsten Sinema (D-Ariz.), Whose vote is a necessity to advance a centerpiece of President Biden’s economic agenda. Senate Majority Leader Charles Schumer (DN.Y.) said Friday that the buyback tax will raise … Read more