U.S. Sens. Baldwin, Manchin, Brown: Lead effort to close tax loophole and make private equity pay their fair share

WASHINGTON, D.C. – As Americans mark Tax Day 2024, U.S. Senators Tammy Baldwin (D-WI), Joe Manchin (D-WV), and Sherrod Brown (D-OH) introduced the Carried Interest Fairness Act to eliminate a tax loophole that benefits wealthy money managers on Wall Street. The current carried interest loophole allows investment managers to often pay almost half the tax rate compared to most other W...