Carried Interest Among Issues Blocking Debt Deal

Jun 29 2011 | 4:12am ET

A deal on raising the U.S.'s debt ceiling may fall apart over the issue of taxes on hedge fund managers.

Congressional Republicans and the White House are at odds over the latter's insistence that a deal include revenue-raising measures as well as budget cuts. Among those revenue measures could be the elimination of the carried-interest loophole, which allows alternative investment managers to pay only the 15% capital-gains tax rate on their performance fee income.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…