Trump Targets Carried Interest in Surprise Tax Reform Push

President Donald Trump has signaled his intention to eliminate the carried interest tax break, a decision that could have far-reaching implications for the financial sector and commercial real estate industry. During a recent meeting with Republican lawmakers, Trump outlined his tax priorities, placing the elimination of this long-standing loophole at the forefront of his agenda.

The carried interest provision, which allows investment fund managers to pay a lower capital gains tax rate on a significant portion of their income, has long been a contentious issue in American tax policy. Critics argue that it unfairly benefits wealthy fund managers at the expense of ordinary taxpayers, while supporters claim it incentivizes long-term investment and economic growth.