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Keyword: jamespoliti

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  • Donald Trump seeks to close tax loophole enjoyed by private equity groups

    02/07/2025 6:48:15 AM PST · by lasereye · 18 replies
    Financial Times ^ | Feb 6, 2025 | James Politi and Alex Rogers in Washington and Antoine Gara in New York
    Donald Trump has told lawmakers he wants to end the special tax treatment of private equity and hedge fund profits known as “carried interest”, setting up a potential clash with America’s wealthiest financiers. The push by Trump — in a White House meeting on Thursday with Republican leaders from Capitol Hill — comes as the president intensifies talks over a broader tax cut bill he wants passed this year that is core to his domestic economic agenda. Karoline Leavitt, the White House press secretary, told reporters that Trump had “laid out” his “tax priorities” to the lawmakers, including measures to...