Published 2 months ago • loading... • Updated 1 month ago

Trump Will Seek to End Carried Interest, Expand SALT in Tax Bill

Donald Trump is reviving his efforts to close the carried interest loophole, which allows private equity profits to be taxed at a lower rate, as reported by the Financial Times.
Trump has gained support from Silicon Valley investors who believe the loophole is essential for their financial success, according to the Financial Times.
Many lawmakers, including Republicans and some Democrats, have resisted efforts to end the preferential tax treatment for private equity profits, as mentioned in the Financial Times.
A strategist noted that the current Republican Congress is more aligned with Trump than in 2017, suggesting a potential change in the carried interest debate, as stated by the strategist.

Insights by Ground AI

Does this summary seem wrong?

44 Articles

All

Left

Center

Right

atr.org

Right

ATR Opposes Elizabeth Warren & Bernie Sanders Tax Hike on Carried Interest

Senate Democrats led by Sen. Tammy Baldwin (D-Wis.), Sen. Bernie Sanders (I-Vt.) and Sen. Elizabeth Warren (D-Mass.) unveiled legislation on Thursday that would raise taxes on carried interest by arbitrarily taxing carried interest at a higher rate. The misnamed “Carried Interest Fairness Act” would increase taxes on carried interest investment by 70 percent, increasing the tax rate from 23.8 percent up to 40.8 percent. This tax hike would end t…

2 months ago

Read Full Article

CBS News

Lean Left

Trump wants to close the carried interest tax loophole, a longtime target of Democrats

The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge funds and other big investors.

2 months ago

Read Full Article

CNBC

Center

Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'

President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment managers.

2 months ago·United States

Read Full Article

naked capitalism

Lean Left

Is Trump Serious About Trying to Close the Private Equity Carried Interest Loophole?

Trump wants to revive his 2017 plan to curb a private equity tax abuse, the so-called carried interest loophole. Is he likely to succeed now?

2 months ago

Read Full Article

Geller Report

Far Right

INCOMING TAX RELIEF: Trump Outlines His Tax Policy Demands to Congressional Leaders - Geller Report

Karoline Leavitt: “This will be the largest tax cut in history for middle class working Americans.” Brilliant. Karoline Leavitt: “This will be the largest tax cut in history 4 middle class working Americans.” INCOMING RELIEF:-No Tx=tips,SS 4 seniors,o/time-Renew Trump Tx Cuts-Adjust SALT cap-End breaks for bill. sports owners-Close carried interest-cuts 4 'Made in America' projects pic.twitter.com/GorUNifksl — Riccardo Bosi (@RealLTCRicBosi) Fe…

2 months ago

Read Full Article

American Wire News

Right

Trump talks 'priorities' with GOP to cover ‘largest tax cut in history for middle-class' · American Wire News

President Donald Trump has called on House Republicans to cut taxes for most Americans while spiking them for a select few. During a meeting Thursday with top House Republicans, Trump specifically asked them to use budget reconciliation to eliminate tax perks for hedge fund managers and sports team owners, and then use the savings to cut taxes for the majority of the American people. Word of the meeting came from White House press secretary Karo…

2 months ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year