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International Business Times
International Business Times
Politics
Luke Funk

Trump Goes After Tax Break Favored By Hedge Funds

President Donald Trump says he will go after a tax break that big investors use to save billions on taxes but it's a promise he made during his first administration that didn't happen.

Trump wants to end the carried interest exemption that allows hedge funds and venture capital investors to have their profits treated as capital gains instead of regular income, which has much higher tax rates.

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