S. 4330: Ending the Carried Interest Loophole Act

S. 4330 is a federal bill in the 119th Congress. Before this bill, investment fund managers receiving a share of profits in exchange for their services, known as carried interest, could often treat those earnings as capital gains taxed at lower rates if they held the investment for a certain period.… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.