BusinessInsider reported on President Trump's tax reform plan:
An open question is what kind of treatment will be given to so-called carried interest. That allows managers to pay a tax rate as low as 20 percent, a loophole that Trump has railed against in the past.Government of and by the private equity underwriter (PEU) will be hard pressed not to advantage themselves yet again.
Update 9-18-24: MSN reported:
Something has changed this election season. The perennial hot button issue of carried interest, which offers sweetheart tax rates to wealthy private equity and hedge fund executives—and costs the U.S. Treasury billions of dollars—is getting a pass.
Politicians Red and Blue love PEU and increasingly, more are one.