John, we knew Glenn Youngkin was a corrupt hedge fund manager, but we didn’t know he’d sink this low. In January 2020, Youngkin took a sweet deal from the Carlyle Group, the private equity firm he co-managed. This deal, codenamed “Project Phoenix”, added $8.5 million to Youngkin’s personal portfolio, at a tax rate of zero. This was in addition to Youngkin’s $27 million annual salary. Youngkin’s massive payout paints a picture of everything wrong with our broken financial system. The carried interest loophole protects him from paying a fair tax rate on his shady earnings, and this time he paid absolute zero, at the expense of first responders. Pittsburgh’s Comprehensive Municipal Pension Trust Fund is now suing Youngkin and his co-conspirators for avoiding taxes that fund the pensions of that city’s police and firefighters. We need you with us, Team Ayala Paid for by Hala for Virginia
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