President Donald Trump aims to end the carried interest tax loophole, popularly utilized by private equity and hedge fund managers, to help fund his administration’s tax cut extensions. Yahoo Finance Washington correspondent Ben Werschkul joins Morning Brief hosts Brad Smith and Seana Smith to explain how carried interest deductions allow investment managers to pay a lower capital gains rate. Although Democrats support removing it, Republican lawmakers, including Trump himself, are facing resistance. The proposal has caught the private equity industry off guard, with mixed reactions throughout the industry To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
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