> President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including ending the carried interest tax break used by private equity fund managers and expanding the state and local tax deduction.
>The carried-interest tax break allows private equity managers and venture capitalists to pay lower rates on their earnings from the investments they make.
<https://www.bloomberg.com/news/articles/2025-02-06/trump-will-seek-to-end-carried-interest-expand-salt-in-tax-bill?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTczODg2ODcyMCwiZXhwIjoxNzM5NDczNTIwLCJhcnRpY2xlSWQiOiJTUjlGRktEV1gyUFMwMCIsImJjb25uZWN0SWQiOiI1Q0UxNDZFN0UyMzA0RUM5OEIxOUI3MjU4M0NDNzM0MiJ9.e4ZbXsWKOEn28sigjO0aty8xBGyTs0k3kkLyyqd5r90>