The private equity lobby notched another victory in their fight to pay low taxes on the fees they charge after Democrats tried – and failed – to change this in their Tax and Climate Bill. WSJ Julie Bykowicz discusses how they managed to do it.

Further reading:

-How the Private-Equity Lobby Won—Again 

-Senate Passes Democrats’ Climate, Healthcare and Tax Bill 

Further listening:

-Three Candidates, Three Ideas to Tax the Super Rich 

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