S. 445: Carried Interest Fairness Act of 2025

S. 445 is a federal bill in the 119th Congress. Investment managers currently pay lower capital gains tax rates on the profit shares they earn from managing private equity and hedge funds, known as carried interest. This bill changes the tax rate for that income so it is taxed at standard ordinary… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.