Eliminate Carried Interest Deduction

Current Status: Waiting

As of

"Carried interest will be taxed as ordinary income."

- Trump Campaign Web Site


"Moss : Good evening. My question is what specific tax provisions will you change to ensure the wealthiest Americans pay their fair share in taxes?

Cooper : Mr. Trump, you have two minutes.

Trump : One thing I’d do is get rid of carried interest. The—one of the greatest provisions for people like me, to be honest with you..."

- Second Presidential Debate, Oct 2016

This policy does not seem to have been addressed, let alone included, in the Republican budget reconciliation/tax bill that was signed into law in late 2017.

See also: Taxes