Tax Policy Center

carried interest

Federal Budget and Economy: TaxVox

A First Look At The Revenue Provisions Of Biden’s 2024 Budget

A First Look At The Revenue Provisions Of Biden’s 2024 Budget President Biden’s 2024 budget would raise taxes by more than $4.5 trillion over the...
March 9, 2023Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Trump’s Phony Claim about Carried Interest

When asked in last night’s debate about what he would do to make sure the rich pay their fair share of taxes, Donald Trump said...
October 10, 2016Eric Toder
Individual Taxes: TaxVox

Taxing carried interest just right

Hillary Clinton and Donald Trump agree on one thing: Managers of private equity funds should pay ordinary tax rates on their carried interest, not the...
October 6, 2016Donald Marron
Individual Taxes: TaxVox

If Banning Negligent Low-Income Households From Taking Tax Credits Is Such a Great Idea, Why Stop With Them?

Congress has banned more low-income families who file erroneous tax returns from receiving refundable credits. If lawmakers think this is such a terrific idea, why stop at low-income households? For instance, why shouldn’t Congress bar trade associations from claiming tax-exempt status if they file
January 7, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

How Investment Managers (And Maybe You) Would Benefit From Trump’s Tax Plan

Donald Trump says he’d eliminate the tax break on carried interest. What he doesn’t say is he’d give the investment managers who now benefit from that scheme an even bigger tax cut than they get today. And, it turns out, Trump’s new tax regime would not only benefit hedge fund managers, but also
October 1, 2015Howard Gleckman
: TaxVox

"The Long and Winding Road... Will Never Disappear..."

The Senate’s six-year highway bill inches forward, after dropping a Social Security provision. Majority Leader Mitch McConnell won 14 Democrats’ votes for the bill after he agreed to drop a $2.3 billion offset. The money would have come from barring people with felony warrants from getting Social
July 24, 2015Renu Zaretsky
: TaxVox

Six-Year Road Funding, Renewals on Repeat, and Investigations

Highway funding: Will the House GOP play the long game? Ways & Means Chair Paul Ryan wants to pair international tax changes with six-year funding for highways, and he wants it done this year . To buy time to flesh out his plan to use revenue from a one-time tax on foreign profits of US
July 13, 2015Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Camp Defines Private Equity as a Business, Would Boost Taxes on Carried Interest

In the tax reform roadmap he released yesterday, House Ways & Means Committee Chair Dave Camp (R-MI) targeted the trillion dollar private equity industry. Not...
February 27, 2014Steven M. Rosenthal
Federal Budget and Economy: TaxVox

The Democrats Never-Ending Search for Tax Loophole Closers

Senate Democrats are circulating a list of a dozen tax “loopholes” they’d like to close as part of a budget package. It is unlikely that...
November 13, 2013Howard Gleckman
Individual Taxes: TaxVox

An Upcoming Debate on Whether Private Equity Should Pay Higher Taxes

If you are looking for a break from the dreary debate over the budget, our friends at Tax Analysts will be holding a roundtable discussion...
September 24, 2013Howard Gleckman