Reported about 10 hours ago
In a recent meeting with Republican lawmakers, President Trump expressed his intention to close the carried interest tax deduction, a favored benefit for hedge fund managers. This proposal, aimed at reforming tax policies, has potential support from Democrats but faces skepticism from some GOP members. The carried interest deduction allows investment managers to pay lower capital gains taxes, which is a contentious issue that has not succeeded in past legislative efforts during Trump's administration.
Source: YAHOO