INSIDE THE STORY: Private Equity’s Senator Gets Big Payout

This mini-episode is part of our Inside The Story series, where we highlight some of The Lever’s original reporting and speak with the journalists who wrote the story. Frank Cappello speaks with Andrew Perez who details their new story published by The Lever: “For years, Sen. Pat Toomey (R-Pa.) led the fight to protect one of the most controversial provisions in the entire tax code — a loophole criticized by presidents of both parties that allows a handful of private equity executives to pay a lower tax rate than other high earners. Now, Toomey is being rewarded with a seat on the board of a private equity giant that has lobbied to preserve that tax loophole.” To read the full story, click here. If you enjoyed this story and want to support independent journalism, you can go to LeverNews.com to subscribe to our free newsletter or become a paid supporter.  Learn more about your ad choices. Visit megaphone.fm/adchoices