Beltway Confidential

Here’s why Chuck Schumer will never close the carried-interest loophole

By Timothy P. Carney

Published August 8, 2022 7:44pm ET

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Here’s why Chuck Schumer will never close the carried-interest loophole — Democratic leader Chuck Schumer says the coronavirus relief agreement no longer contains $3 billion to fulfill President Trumpâs order to buy low-priced oil to restock the nationâs emergency Strategic Petroleum Reserve. | (AP Photo/Manuel Balce Ceneta)

It’s obvious what’s going on here, even if plenty of folks don’t want to admit it.

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Chuck Schumer Kyrsten Sinema Washington D.C.