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

  • President Donald Trump aims to pass the largest middle-class tax cut in American history, as stated by White House Press Secretary Karoline Leavitt.
  • Trump's tax priorities include no taxes on tips, Social Security, and overtime pay, along with renewing his 2017 tax cuts.
  • Lawmakers are debating whether to bundle tax cuts with other GOP priorities or pursue a two-step approach, as reported by multiple sources.
  • Republicans need near-total party unity to advance Trump's tax cuts and immigration policies given their narrow majorities in Congress.
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atr.orgatr.org

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…

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CBS NewsCBS News

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.

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CNBCCNBC

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.

·United States
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naked capitalismnaked capitalism

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?

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Geller ReportGeller Report

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…

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American Wire NewsAmerican Wire News

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…

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The Daily Wire broke the news in Nashville, United States on Thursday, February 6, 2025.
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