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Warner Says Slimming Carried Interest Tax Break Faces ‘Big Hill’

Aug. 5, 2022, 6:10 PM

Senator Mark Warner of Virginia said Friday he’ll keep working with Senator Kyrsten Sinema of Arizona to narrow the carried-interest tax break, but sounded a cautious note on whether they could get it done.

Democrats had to strike a last-minute deal with Sinema, a key holdout of the party’s landmark tax and spending bill, to drop a plan to narrow a tax break for private equity to secure her support. Warner, however, said Democrats hope to address the loophole in another bill.

“She’s committed to work with me to see if we can do a meaningful reform on carried interest ...