Carried Interest Tax Break Unites PE Firms as Congress Takes Aim
- Ending carried interest is among Democrats’ top tax priorities
- Current law provides tax rate lower than that on salaries
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The private equity industry, not known for its public appeal among everyday Americans, is deploying politically directed advertisements in what could be a last stand to protect a valuable tax break that Democrats have targeted for elimination this year.
Arizona, with its two moderate Democratic senators, is on the receiving end of one of them.