Carried Interest Tax Break Now Targeted in Senate Plan Too
- Trump highlighted loophole during 2016 presidential campaign
- Advantage would be tied to holding assets for three years
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An 11th-hour amendment added to the Senate tax plan would limit the so-called “carried interest” tax break for investment managers.
The provision was contained in a list of changes that Senate Finance Chairman Orrin Hatch offered just before 10 p.m. Thursday in Washington, minutes before the panel approved a proposal for overhauling the U.S. tax code.