|Despite Donald Trump's |
Billionaires’ Tax Loophole Survives
Again In House "Tax Reform" Plan
November 04, 2017
By Alec MacGillis
(WASHINGTON, D.C..) -- From early in the 2016 presidential campaign, Donald Trump swore he’d do away with the so-called carried-interest loophole, the notorious tax break that allows highly compensated private-equity managers, real estate investors and venture capitalists to be taxed at a much lower rate than other professionals.
“They’re paying nothing, and it’s ridiculous,” Trump said in August 2016. “These are guys that shift paper around and they get lucky.” They were, he concluded, “getting away with murder.”
|The Trojan Horse Cometh|
In Washington, DC things aren't always what they appear to be
November 01, 2017
(NATIONAL) -- The Trump administration is busy these days - besides deflecting questions about Paul Manafort, George Papadopoulos and the Russians - trying to peddle the pitch to folks in middle America that the Republican "tax reform: plan is such a swell deal for them.
How should you view that top-down pitch for a plan created behind closed doors by millionaires and billionaires? See the answer to that question on the inside page.
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