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Trump wants to close the carried interest tax loophole, a longtime target of Democrats

CBS News
Summary
Nutrition label

80% Informative

President Trump is proposing to eliminate the "carried interest tax deduction loophole" The loophole allows investment managers to greatly lower their taxable income.

Ending the loophole would put investment managers on the same tax footing as middle-class workers.

Eliminating the loophole could help boost tax revenue by about $100 billion over the next decade , an advocacy group says.

VR Score

84

Informative language

84

Neutral language

39

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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