Baldwin, other Dems ask Trump to end Wall Street tax break in big GOP bill - The Badger Project

Baldwin, other Dems ask Trump to end Wall Street tax break in big GOP bill - The Badger Project

Thanks to the carried interest loophole, investment fund managers are taxed at a lower rate than other workers. Sen. Tammy Baldwin (D-Wisconsin) has joined a group of Senate Democrats asking President Donald to remember his campaign promise to end the carried interest loophole, which gives investment fund managers a tax break. By Annie Pulley, THE BADGER PROJECT Wisconsin Sen. Tammy Baldwin joined nine other Senate Democrats urging President Don…

Baldwin, other Dems ask Trump to end Wall Street tax break in big GOP bill

Wisconsin Sen. Tammy Baldwin joined nine other Senate Democrats urging President Donald Trump to revive his 2016 campaign promise and pressure the GOP congressional majority to close a loophole in the tax code that’s been a long-time boon to Wall Street fund managers.Sen. Tammy Baldwin (D-Wisconsin) in a photo from her Facebook pageUsing this carried interest loophole, investment fund managers pay a significantly lower tax rate on the profits th…