Mnuchin Hints at Keeping Carried Interest Tax Break for Some
- Treasury chief cites desire to avoid discouraging investment
- McConnell says almost all tax breaks have to be considered
Grover Norquist on Tax Reform Under Trump
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U.S. Treasury Secretary Steven Mnuchin said Monday that President Donald Trump may keep the carried interest tax break for firms that create jobs, while eliminating it for hedge fund managers.
“We will close the loophole for hedge funds in carried interest,” Mnuchin said at an event in Louisville, Kentucky, where he appeared alongside Senate Majority Leader Mitch McConnell. “What we are focused on is there are many other types of funds that do create jobs and we want to make sure we don’t discourage investment.”