Deals
Cohn Says Trump Is Committed to Ending Carried Interest ‘Loophole’
- President has called for eliminating the break for hedge funds
- Corporate rate of 20% highest Trump admin willing to go: Cohn
White House's Short Seeks Bipartisan Tax Plan Support
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President Donald Trump is still intent on eliminating the carried interest tax break even though it wasn’t specified in his tax framework, White House Economic Adviser Gary Cohn said.
“The president remains committed to ending the carried interest deduction,” Cohn said in an interview on CNBC on Thursday. “As we continue to evolve on the framework, the president has made it clear to the tax writers and Congress. Carried interest is one of those loopholes that we talk about when we talk about getting rid of loopholes that affect wealthy Americans.”