Sens. Sanders, Warren set to give billionaires free pass after years of knocking tax loopholes for wealthy
Fox News
Sens. Bernie Sanders and Elizabeth Warren are likely to vote in favor of the Inflation Reduction Act after a history of criticizing wealthy Americans who use carried interest loopholes.
Kyle Morris covers politics for Fox News. On Twitter: @RealKyleMorris.
While both Sanders and Warren are likely to vote in favor of the legislation, announced last week by West Virginia Democratic Sen. Joe Manchin and Senate Majority Leader Chuck Schumer, the pair of progressive senators have repeatedly criticized tax loopholes over the years that are used by wealthy Americans, including the carried interest loophole.
In 2015, Sanders and Warren, along with six others, originally co-sponsored the Carried Interest Fairness Act, a measure introduced in the Senate that would have closed the carried interest loophole.