Fiscal Cliff

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Congress Should Close the Carried Interest Loophole Article
Although House Speaker John Boehner (R-OH), right, and Senate Minority Leader Mitch McConnell (R-KY) oppose raising it, the carried interest loophole is just one of many ways the U.S. tax code offers preferential treatment to some of the wealthiest Americans. (AP/ Harry Hamburg)

Congress Should Close the Carried Interest Loophole

Closing the carried interest loophole should be a part of any significant deficit-reduction or tax-reform effort.

Seth Hanlon, Gadi Dechter

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