Rep. Cartwright Reintroduces Legislation to Close Controversial Tax Code Loophole
October 15, 2024
October 15, 2024
WASHINGTON, Oct. 15 -- Rep. Matt Cartwright, D-Pennsylvania, issued the following news release on Oct. 14, 2024:
On Friday, U.S. Representative Matt Cartwright (PA-08) reintroduced the Bill Pascrell Ending Tax Giveaway Act, legislation to close the controversial carried interest loophole.
Carried interest is a form of compensation received by wealthy private equity and hedge fund executives that is taxed well below top wage income rates.
The bill was origin . . .
On Friday, U.S. Representative Matt Cartwright (PA-08) reintroduced the Bill Pascrell Ending Tax Giveaway Act, legislation to close the controversial carried interest loophole.
Carried interest is a form of compensation received by wealthy private equity and hedge fund executives that is taxed well below top wage income rates.
The bill was origin . . .