Brown Leads Effort to Close Tax Loophole and Make Private Equity Pay their Fair Share
April 15, 2024
April 15, 2024
WASHINGTON, April 15 -- Sen. Sherrod Brown, D-Ohio, issued the following news release:
As Americans mark Tax Day 2024, U.S. Senator Sherrod Brown (D-OH) introduced the Carried Interest Fairness Act today to eliminate a tax loophole that benefits wealthy money managers on Wall Street. The current carried interest loophole allows investment managers to often pay roughly half the tax rate that most other Ohio workers' pay. Brown was joined by U.S. Senators Tammy Baldwin (D-WI) and Joe . . .
As Americans mark Tax Day 2024, U.S. Senator Sherrod Brown (D-OH) introduced the Carried Interest Fairness Act today to eliminate a tax loophole that benefits wealthy money managers on Wall Street. The current carried interest loophole allows investment managers to often pay roughly half the tax rate that most other Ohio workers' pay. Brown was joined by U.S. Senators Tammy Baldwin (D-WI) and Joe . . .