Despite Trump Campaign Promise, Billionaires’ Tax Loophole Survives Again

By on Monday, November 6th, 2017 in Pro Publica Up Front | No Comments

From early in the 2016 presidential campaign, Donald Trump swore he’d do away with the so-called carried-interest loophole, the notorious tax break that allows highly compensated private-equity managers, real estate investors and venture capitalists to be taxed at a much lower rate than other professionals. “They’re paying nothing, and it’s ridiculous,” Trump said in August 2016.…

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