Manchin, Baldwin, Brown Lead Effort To Close Carried Interest Tax Loophole
Press Release
Issues: Taxes
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“Currently, there is a loophole in our tax code that allows hedge fund managers to pay less in taxes for wage income than ordinary West Virginian and American workers, and these managers have taken advantage of it for far too long. Our commonsense legislation would close this loophole to ensure the wealthiest Americans are paying their fair share and contributing to our national economic growth rather than just their personal pockets. I urge my colleagues on both sides of the aisle to support this practical legislation that treats all workers fairly and moves to create a more equitable tax code,”
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