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Reps. Pascrell, Levin, Porter Move to Close Infamous Tax Loophole Favored by Wall Street Bankers
February 17, 2021
WASHINGTON, Feb. 17 -- Rep. Bill Pascrell Jr., D-New Jersey, issued the following news release:

U.S. Rep. Bill Pascrell, Jr. (D-NJ-09), the Chairman of the House Ways and Means Subcommittee on Oversight, and Reps. Andy Levin (D-MI-09) and Katie Porter (D-CA-45) unveiled the Carried Interest Fairness Act of 2021 (H.R. 1068), legislation to close one of the most egregious loopholes in the federal tax code.

"Over the last four years, our tax system has continued to be . . .

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