U.S. Senator Tammy Baldwin and Senate Democrats Call on McConnell, Reid to Close Carried Interest Loophole

Statement

Today, U.S. Senator Tammy Baldwin led a group of Senate Democrats in sending a letter to Majority Leader Mitch McConnell and Minority Leader Harry Reid, urging both leaders to include a provision to close the carried interest loophole as part of a bipartisan budget agreement. Senator Baldwin was joined in sending the letter by Senators Jack Reed (D-RI), Al Franken (D-MN), Bernard Sanders (I-VT), Dianne Feinstein (D-CA), Barbara Mikulski (D-MD), Elizabeth Warren (D-MA), and Sheldon Whitehouse (D-RI).

"As we work on a bipartisan budget agreement, Congress has a choice. We can embrace misguided and harmful budget cuts that are stunting economic growth. Or we can work together to repeal the carried interest loophole and use the revenue to invest in an economy that works for everyone, not just the wealthy few. For me, the choice is clear," said Senator Baldwin.

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