The private equity lobby notched another victory in their fight to pay low taxes on the fees they charge after Democrats tried – and failed – to change this in their Tax and Climate Bill. WSJ Julie Bykowicz discusses how they managed to do it. Further reading: -How the Private-Equity Lobby Won—Again  -Senate Passes Democrats’ Climate, Healthcare and Tax Bill  Further listening: -Three Candidates, Three Ideas to Tax the Super Rich  Learn more about your ad choices. Visit megaphone.fm/adchoices