Meet the 11 Private Equity Donors Trying to Buy the 2024 Election | Common Dreams
www.commondreams.org
Eleven of the top 50 individual contributors to political campaigns this election cycle work in the finance industry and are betting big on congressional and presidential candidates who will protect one very special federal tax break worth billions of dollars to them: the carried interest loophole.

While 90% of the private equity contributions made so far this election cycle have gone to Republicans or the PACs that support them, not every Democrat is opposed to eliminating the loophole.

Before Sen. Kyrsten Sinema (I-Ariz.) left the party to become an independent in 2022, she “courted private equity titans and received the maximum allowed amount from the PACs of leading private equity firms such as The Carlyle Group, along with the industry’s trade organization, the American Investment Council (AIC),” CMD reported.

  • nkat2112English
    2•1 month ago

    “While 90% of the private equity contributions made so far this election cycle have gone to Republicans…”

    It’s always interesting to note how private equity appears to overwhelmingly favor the right wing party - regardless of the racism, misogyny, fascism and various other ills the Republicans carry. We should remember this about the oligarchy.