NEW YORK (Reuters) – Private investment industry group American Investment Council (AIC) suggested on Friday that U.S. President Donald Trump should not close a loophole that allows private equity and hedge fund financiers to pay a lower capital gains tax rate on much of their income.
“We encourage the Trump Administration and Congress to keep this sound tax policy in place and unleash more long-term investment that supports jobs, workers, small businesses, and local communities,” said Drew Maloney, president of AIC.
On Thursday, White House press secretary Karoline Leavitt told reporters that Trump had laid out his tax priorities, including closing the so-called carried interest tax loophole.
(Reporting by Carolina Mandl, in New York)
Comments