carried interest loophole
There is virtually no one who will defend the loophole on any rational terms.
The goal for all working families remains a secure, sustainable job and a real improvement in our standard of living. Here's how we get there.
Because of something called carried interest, the top 25 hedge fund mangers paid a lower tax rate than the average kindergarten teacher in 2014. Billionaire hedge fund managers don't need a tax break, and there is no reason this loophole should exist.
It is time that anyone running to be POTUS does more than lip service to one of the most egregious tax evasion schemes and one of the biggest contributors to the 1 percent stealing from the 99 percent.
You would think that the super wealthy might shrug at paying taxes they can easily afford, but here the opposite appears to be the case: Bain's wealthy partners have been hyper-aggressive about lowering their tax bill.
Baldwin is the sponsor of that legislation in the House, and she said she intends it to cover carried interest, as well. What
The top 25 hedge fund managers in the U.S. earned $22 billion last year. If they operated under the same rules that apply to other people, we could cut our national deficit by as much as $44 billion. That's just from 25 people. Here's how.