Private Equity
Here’s what you need to know at the end of the day. : Senator Kyrsten Sinema of Arizona, the lone Democratic holdout on the package, said she would support the bill after Democratic leaders agreed to drop a $14 billion tax increase on some wealthy hedge fund managers and private equity executives that she had opposed. They also changed the structure of a 15 percent minimum tax on corporations and included drought relief money to benefit Arizona. The bill still needs to clear hurdles before the Senate can pass it.

In this article