Karoline Leavitt, the White House press secretary, told reporters that Trump had “laid out” his “tax priorities” to the lawmakers, including measures to “close the carried-interest tax deduction ...
Closing the carried-interest tax loophole, which benefits private equity and hedge fund managers, has been a political football for two decades. And thanks to a last-minute save from Arizona Sen.
Reduce revenue by $5.0 trillion to $11.2 trillion over ten years. Lower revenue by 1.3 to 3.0 percent of Gross Domestic Product (GDP). Boost debt to between 132 and 149 percent of GDP by 2035, if not ...