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The bill is still expected to advance on Wednesday, Senate Democratic aides told Reuters. Some said they expect it will pass the 60-vote threshold needed to pave the way for final passage, although one aide predicted the vote could be close.
(Reuters) – U.S. Senate Democrats on Thursday revived an effort to impose steeper taxes on investment fund managers and to hike taxes on oil companies for a federal liability trust fund. The proposed legislation would raise about $14 billion over a decade by taxing most of a fund manager’s income at the higher ordinary income [...]