Regulation
Biden Budget Proposes End to Carried Interest, Higher Tax on Buybacks
The proposal would repeal the carried-interest provision and 1031 exchanges.
The proposal would repeal the carried-interest provision and 1031 exchanges.
The legislation aims to increase the rate at which PE and hedge fund managers are taxed.
Tax breaks like those on capital gains will end, hedge fund hotshot predicts, if either Trump or Biden wins.