Political Quotes

On the recordAugust 1, 2022
And, you know, even the people that receive it, it`s thought, it`s just run its course, you know, this has been a good run. And the only thing I`ve talked about with carried interest and you know, better than anybody, Stephanie, is that, you know, it`s based on capital gain rates. Well, if you don`t have any capital at all in the game, how are you getting the same reduced rates, since you have nothing at risk, except your services that you`re performing for a fee? Doesn`t make any sense at all. How that`s -- it`s a sensing is a fair system. So with that, over the years, they`ve said, enough is enough.
Said by
Joe Manchin
Democratic · West Virginia
Source
msnbc.com

Editor's note · Context

Commenting on the carried interest loophole and its fairness in the tax system.

Share

More from Joe Manchin

Jun 21, 2026

We need to do permitting reform in America, we're not going to meet the challenges and be energy-independent.

cbsnews.com
Jun 6, 2026

It's broken. It needs to be fixed.

cbsnews.com
Dec 11, 2024

I further ask that the bill be considered read a third time and passed and that the motion to reconsider be considered made and laid upon the table with no intervening action or debate. The PRESIDING OFFICER. Without objection, it is so…

govinfo.gov

Other voices in this conversation