Detailed text transcripts for TV channel - CNN - 20171121:09:38:00
Provision. at the time, wall street worried trump would eliminate it, but both the senate and the house tax bill keep that loophole, the loophole that makes very rich people a lot richer. carried interest deals with how the u.s. taxes investment income. typically, hedge fund managers take a fee from investors, then claim a share of their profits, usually 20%, and that 20% profits or carried interest is taxed at only 23.8%, well below the 39.6% it would be if it were ordinary income. the industry says that extra money helps fund risking investments like start-ups. critics say it just gives the ...