| U.S. Congressional Tipoffs Involving Pennsylvania Newsletter for Tuesday October 15, 2024 ( 1 items ) |
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Rep. Cartwright Reintroduces Legislation to Close Controversial Tax Code Loophole
WASHINGTON, Oct. 15 -- Rep. Matt Cartwright, D-Pennsylvania, issued the following news release on Oct. 14, 2024:
On Friday, U.S. Representative Matt Cartwright (PA-08) reintroduced the Bill Pascrell Ending Tax Giveaway Act, legislation to close the controversial carried interest loophole.
Carried interest is a form of compensation received by wealthy private equity and hedge fund executives that is taxed well below top wage income rates.
The bill was originally introduced by the late U.S. Rep
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