Monday, April 24, 2023

Sinema's PEU "Thank You" Donations

Sludge reported on Purple Team Senator Kyrsten Sinema's fundraising haul from private equity underwriters (PEU):

Executives and employees with the private equity firm The Carlyle Group donated $253,600 to Sinema in the first quarter of the year, while people affiliated with Blackstone gave her $274,500 and those affiliated with Kohlberg Kravis Roberts (KKR) gave her $103,700. The donations from employees and executives of those three investment firms made up more than 45% of the total money the senator’s joint fundraising committee raised in the first quarter. Other investment firms whose executives gave to Sen. Sinema in the first quarter of the year include Bain Capital, Tenaya Capital, and GreenWood Investors. 

Last summer Sinema single-handedly saved the greed and leverage boys from elimination of their preferred "carried interest" taxation.

Politicians Red and Blue love PEU and increasingly, more are one.  Should the Senator not seek another term she'd make a great PEU.