Camp Hits Carried Interest in Tax Plan Focused on Finance
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The top Republican tax writer in Congress will lean on the financial industry with his planned revamp of the U.S. code, changing the treatment of carried interest and imposing a levy on the assets of banks and insurers.
Representative Dave Camp, chairman of the House Ways and Means Committee, is to unveil the proposed tax code changes tomorrow that also include revisions affecting corporate jets. He offered a preview tonight using rhetoric that in part echoes President Barack Obama’s own calls to change tax laws.