Spectrum News: Push to Close the Carried Interest Loophole

By Capital Tonight Staff on Spectrum News

Among the tax proposals on the table during this year’s budget negotiations is closing what is known as the carried interest loophole. Currently, income from investments is taxed at a lower rate than a regular paycheck. Changing that has been a priority of progressive groups for years. At one point, even President Trump was on board. But even with Governor Cuomo now in support, some big hurdles remain, and it is not just about New York. Morris Pearl of the Patriotic Millionaires and Charles Khan of Strong Economy for All discuss.

Watch the full video on Spectrum News