Legislation seeks to close carried interest tax loophole
Senator Angus King introduced legislation to close the carried interest loophole, arguing it would restore fairness to the U.S. tax code.
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tl;dr
Senators Ron Wyden, Angus King, and Sheldon Whitehouse introduced the Ending the Carried Interest Loophole Act to tax hedge fund and private equity compensation at ordinary income rates rather than lower capital gains rates.
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ASAngus S. King, Jr.I-Maine
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