The Schumer Family Business
Friends:
We have a double feature for you today: two major stories that our reporters just dug out. Huge thanks to our supporting subscribers for funding this work. Check out these stories:
1. Dems’ Stealth Gift To Their Wall Street Donors: Democrats and the Washington press corps spent the last week insisting that the party was about to close a notorious tax loophole that allows many Wall Street billionaires to pay a lower tax rate than most Americans. In truth, the proposal — which now appears to be off the table — would have left most of the loophole open. The bait and switch allowed party lawmakers to pretend for a moment they were finally cracking down on private equity moguls, before they gave up the act entirely.
Click here to read the report...
2. Schumer’s Family Business: The world’s largest private equity firm hired Senate Majority Leader Chuck Schumer’s son-in-law as a lobbyist days after Schumer announced a deal to somewhat limit the tax loophole enriching private equity moguls. Now the proposal is gone from the bill.
Click here to read the report...
Our news organization relies on readers pitching in to support our journalism. If you like this story, please support our work.