Carried Interest Tax Change Off Table Until 2017, Ryan Says
His comments make it less likely that President Obama will be able to follow through on part of his campaign platform from 2008 and 2012.
U.S. Representative Paul Ryan, a Wisconsin Republican, speaks after a Bloomberg Television interview in New York, U.S., on Wednesday, Aug. 20, 2014.
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Any major changes to private equity’s most favored tax break won’t happen until 2017, House Ways and Means Committee Chairman Paul Ryan said.
Ryan said he’s excluding the taxation of carried interest from this year’s bipartisan attempt to revamp business taxes, sparing fund managers from any change.