Reported 2 days ago
JPMorgan Chase CEO Jamie Dimon advocated for taxing carried interest during the Reagan National Economic Forum, labeling it a tax loophole that benefits private market investors unfairly. He emphasized that the revenue generated could be reinvested into income tax credits for families. The topic has been a bipartisan issue for years, with various administrations attempting to close this loophole, potentially raising $14 billion over ten years according to estimates.
Source: YAHOO