US EditionTrump 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.
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43 Articles
43 Articles
All
Left
4
Center
3
Right
18
Coverage Details
Total News Sources43
Leaning Left4Leaning Right18Center3Last UpdatedBias Distribution72% Right
Bias Distribution
- 72% of the sources lean Right
72% Right
L 16%
12%
R 72%
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