Monday, March 5, 2018

Another Reminder That Trump is Not Owned By Wall Street, Unlike the Democrats

03/02/18 Politico:
The bigger news came when the Department announced that it would close a loophole in the tax law that would have allowed wealthy money managers to continue paying a lower tax rate on so-called carried interest. The tax law made it harder for people to claim the carried interest tax break—a break for super-rich private-equity investors that Trump promised to repeal in the presidential campaign—but the law contained a vaguely worded section that allowed money managers to avoid that crackdown. Treasury this week made clear that it won’t allow that.

No comments: