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Carried Interest Tax Break Unites PE Firms as Congress Takes Aim

  • Ending carried interest is among Democrats’ top tax priorities
  • Current law provides tax rate lower than that on salaries
Updated on

The private equity industry, not known for its public appeal among everyday Americans, is deploying politically directed advertisements in what could be a last stand to protect a valuable tax break that Democrats have targeted for elimination this year.

Arizona, with its two moderate Democratic senators, is on the receiving end of one of them.