He championed a publicly-funded bailout of the industry during the pandemic. Gottheimer’s moves are only the latest examples of his defense of the private equity industry. But it is an open secret in Washington that the attempt to delink the two bills is part of an effort to doom the reconciliation package, because separating the bills would eliminate the incentive for conservative Democrats to vote for the far more progressive reconciliation bill. Under intensifying public pressure, Gottheimer has begun insisting that he does want to pass the reconciliation legislation, just after the passage of the Senate infrastructure bill. House’s top recipient of that money during the campaign, according to data compiled by OpenSecrets. In the last election cycle alone, Gottheimer received more than $450,000 from donors in the private equity and investment industry, making him the U.S. In all, Blackstone executives have funneled nearly $200,000 worth of campaign cash to Gottheimer since 2015 - and his wife, Marla Tusk, works for a lobbying and consulting firm whose website currently lists Blackstone as a client. Gottheimer’s campaign to short-circuit his own party’s strategy is a huge favor to the Blackstone Group, the private equity behemoth whose wealthy executives are collectively his top campaign contributors, and who stand to both benefit from the passage of the bipartisan Senate infrastructure bill and death of the reconciliation legislation. Josh Gottheimer, D-N.J., has spearheaded a media tour and legislative campaign to pass a business-backed infrastructure bill separate from Biden’s reconciliation package - a maneuver backed by corporate lobbyists seeking to kill the latter because it will likely be paid for by taxes on the wealthy. The lawmaker’s former legislative director is also lobbying lawmakers on tax policy behalf of the private equity industry, according to federal records reviewed by The Daily Poster. House’s biggest recipient of campaign cash from the private equity industry, whose executives could lose lucrative tax loopholes should that agenda become law.
The company was added to the U.S.’s Entity List in 2019 amid trade tensions between the United States and the PRC.The Democratic congressman leading the charge to undermine his party’s two-track strategy to pass President Joe Biden’s economic agenda was the U.S. As executive director, Tang oversees the company’s research strategies when he is not teaching at the Chinese University of Hong Kong. The company has also been tasked with setting facial-recognition standards for other developers in China.
TOP SECRET BILLIONAIRE SOFTWARE
Its software is used by both China’s public sector and its government, which utilizes Sensetime technologies for everything from monitoring traffic conditions to ensuring mask wearing during COVID-19 restrictions.
Sensetime is a developer of AI technologies including facial recognition, object detection, video analysis, autonomous driving, and remote sensing for a variety of industries from healthcare to entertainment. One recent pre-IPO funding round valued Sensetime at $10 billion, while others expect the company’s valuation to increase to at least $12 billion by the time the stock goes public. He’s also its largest individual shareholder, owning anywhere between 21-27% of the company according to some estimates. students, now serves as an executive director for the company.
Tang, who cofounded Sensetime in 2014 with two of his Ph.D. Chinese artificial intelligence professor Tang Xiaoou is on the brink of becoming an inconspicuous billionaire now that Sensetime, China’s largest AI company, has filed for an IPO in Hong Kong.
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