On the recordJanuary 18, 2017
The President-elect said he would close the carried interest loophole. It is a favorite of investment fund managers, but his plan actually gives them a 25-percent tax cut.
Said by
Steven Mnuchin
Source
congress.govSteven Mnuchin: “The President-elect said he would close the carried interest loophole. It is a favorite of investment fund managers, but…”
Editor's note · Context
Criticism of the President-elect's tax plan favoring wealthy fund managers.
Share
More from Steven Mnuchin
Mar 11, 2025
I don’t think we’re going to have a recession. I don’t think the outlook looks like we’re going to have a recession.
Dec 1, 2020
When we needed to get this done last March, it got done with overwhelming bipartisan support.
Dec 1, 2020
I strongly encourage Congress to use the $455 billion in unused funds from the CARES Act to pass an additional bill with bipartisan support.
Dec 1, 2020
I am appalled that you would knowingly make matters worse by permanently ending essential emergency lending programs.