Eliminating Carried Interest Tax Provision

Statement

Rep. Linda T. Sánchez (CA-38), a member of the Ways and Means Committee, today issued the following statement on ending the carried interest tax provision:

"It's encouraging to see efforts to tackle to our increasingly complicated and unfair tax code gain national attention. Our nation is facing staggering income inequality, in large part due to a tax code tilted in favor of the already wealthy. Revenue generated by eliminating the unfair carried interest tax provision should be used to help working families by investing more in to education, infrastructure, and middle-class growth -- not to lower rates for Wall Street millionaires.

"As we debate tax reform, our priority needs to be creating a fairer tax code for hard working Americans. Ending the carried interest tax provision is one of the few basic, straightforward ideas proposed by both parties. We must work together to build off of this common ground."

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