President Donald Trump said in May that he wanted to increase taxes on carried interest, a major form of compensation for hedge-fund and private-equity managers. Several leading Democratic presidential candidates -- including former Vice President Joe Biden, and senators Bernie Sanders and Elizabeth
-- One of private-equity and hedge-fund managers’ most prized tax breaks is again in politicians’ cross hairs, but Democrats would need to sweep the 2020 election if they want to pull the trigger to end the option.Yet there are a couple of reasons the carried-interest tax break, despite bipartisan opposition, isn’t dead yet. Most Republicans, and even some Democrats, oppose killing a tax option that investment firms have successfully argued creates jobs.
The preferred tax treatment is a frequent target on the campaign trail as a way to pay for other priorities. Democratic candidate Amy Klobuchar, a Minnesota senator, said in a CNBC interview in May that eliminating the loophole could help pay for infrastructure. Kamala Harris, a California senator, in March similarly cited carried interest when asked in an NPR interview about her proposed tax rebate to lower-income households.
Historically, performance fees received the more-favorable tax treatment as long as a fund held the investment for at least a year, but the 2017 tax law increased the minimum holding period to three years. That hit some faster-trading hedge funds hard, but was less painful for private-equity and venture-capital funds, which tend to have longer holding periods.
“It certainly seems to be a likely target given the current environment. That being said, it is clearly not going to be much of a revenue-raiser,” said Don Snyder, a tax lobbyist for Federal Policy Group in Washington.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
33 Products That’ll Make Your Life Less Complicated'I got one less, one less problem' –you and Ariana Grande 🎶🎵
Baca lebih lajut »
Biden dominates Dem rivals in new early primary pollsThe previously unreleased surveys show the former vice president with huge leads in one-on-one matchups with the other top-tier candidates.
Baca lebih lajut »
Day One Of US President Donald Trump's Visit To The UK And Here Are The Very British Ways He's Been WelcomedDonald Trump Is In Town And Some British People Are Letting Him Know Exactly What They Think Of Him
Baca lebih lajut »
Knife attack at Japan bus stop wounds 19, kills at least 1TOKYO (AP) — A man swinging a knife attacked commuters waiting at a crowded bus stop just outside Tokyo during Tuesday morning's rush hour, wounding at least 19 people, including 13 children,...
Baca lebih lajut »
Why No One Cares About Your TravelsHave you ever returned from that marvelous vacation only to come home and find that no one is interested in hearing about your amazing adventures? Research has shown that it goes deeper than jealousy and there is a social price to pay for your extraordinary experiences.
Baca lebih lajut »
More than 740 DUI arrests in one state over Memorial Day weekendCalifornia police say they have made more than 740 arrests for driving under the influence across the Golden State so far this weekend.
Baca lebih lajut »
Opinion: One play should not define Bill Buckner. The former MLB All-Star epitomized classIt’s so grossly unfair, and so cruel, that people actually believed one ground ball in a World Series Game defined Bill Buckner, who died on Monday.
Baca lebih lajut »
One dead, dozens hurt as tornadoes flatten buildings in OhioTornadoes pulverized western Ohio early on Tuesday, killing one person, injuring scores of others and requiring emergency officials to send out snowplows to clear debris from a major highway, officials and media reports said. At least one tornado hit Dayton and at least two touched down near the city
Baca lebih lajut »
Tornadoes Leave Trail of Destruction in OhioPowerful tornadoes swept through Ohio Monday night, leaving a path of destruction in Dayton and at least one killed in a small town 60 miles to the north.
Baca lebih lajut »