Folks,
This week, NBC covered a new lawsuit that details how Glenn Youngkin received $8.5 million in stock when he left his old job at Carlyle to run for governor – all without paying a dime in taxes.
The lawsuit points out that the taxes that would have ordinarily been paid on such a payout would have gone to fund pensions for police and firefighters. But, during his time as co-CEO, Glenn and the folks at Carlyle hired a host of lawyers to figure out how to create compensation packages that serve them best, not shareholders or the first responders who they cheated.
Democrats in the House and Senate have drafted legislation that would close the loophole and prevent frauds like Glenn Youngkin from stealing money owed to retired police and firefighters. This is why it’s so important that Democrats keep the House and Senate this November. Can we count on you to contribute to help keep Congress blue so Democrats can close this loophole?
VADEMS
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