Tag Archives: Carried Interest

Private Equity Firms Don’t Deserve a Tax Cut

This week, an expose by the Washington Post uncovered a pattern of worsening living conditions in a Pennsylvania nursing-home after its purchase by private equity giant Carlyle Group. Despite being owned by one of the richest private equity firms in the world, the nursing-home struggled financially, leading to elderly residents suffering bedsores, broken bones, infections, and unsanitary living conditions. This is the most recent example … Continue reading Private Equity Firms Don’t Deserve a Tax Cut »

How the GOP Tax Bill Gave Us Double the Carried Interest Loopholes

In December, when Congress passed the GOP tax bill, they didn’t close the carried interest loophole like Trump promised. In fact, they took the grey area that the loophole thrived in and made it black and white. Rather than manipulate the tax code, hedge fund managers can now point to specific language in the tax bill that allows them to pay a lower tax rate … Continue reading How the GOP Tax Bill Gave Us Double the Carried Interest Loopholes »

Why Connecticut Should Get Onboard with Closing the Carried Interest Loophole

This time last year, Gov. Dannel Malloy of Connecticut advised deferring to Trump on the elimination of the egregious carried interest loophole. A year later, it appears the Democratic governor is going to have to take a firm stance on how he will either defend or upend the loophole that benefits hedge fund managers as if they themselves were the investors. The carried interest loophole … Continue reading Why Connecticut Should Get Onboard with Closing the Carried Interest Loophole »

Gov. Cuomo’s Proposed Budget Takes First Steps Towards Closing Egregious Loophole

For the first time ever, closing the carried interest loophole has been added to a state budget. Governor Cuomo of New York revealed this egregious aspect of the tax code is on the chopping block in his Tuesday, January 16 address. The carried interest loophole is “a federal tax that allows some hedge fund managers to pay a lower tax rate on revenue from investments,” … Continue reading Gov. Cuomo’s Proposed Budget Takes First Steps Towards Closing Egregious Loophole »