MSNBC’s Ruhle Presses Rep. Porter on Why Closing Carried Interest Loophole Is Not in the Reconciliation Bill

‘Why isn’t it in there?’

EXCERPT:

RUHLE: "When I look at this human infrastructure bill, I think Republicans win and lose, Democrats win and lose, but you know who always wins? Really, really rich mega donors. How is it that the carried interest loophole for the private equity industry which impacts a tiny universe of super-rich people, how is it that that loophole has not been closed? You are the co-sponsor who is focused on closing this loophole and it’s not happening. Who are the lawmakers who are standing in the way? What are their names?"

PORTER: "Well, so, look, the chairman of the Ways and Means Committee is Richie Neal, the chairman on the Senate side is Ron Wyden. And I support putting that — eliminating that carried interest loophole into the reconciliation package. And as — "

RUHLE: "Why isn’t it in there?"

PORTER: "Because it didn’t come out of committee.”

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