Sentences with phrase «of carried interest loophole»

Patriotic Millionaires Letter to Cuomo Calling for Closure of Carried Interest Loophole in the Budget % 5bJa... by Nick Reisman on Scribd

The MTA needs a dedicated revenue stream through a new and permanent tax on millionaires in the regions served by mass transit, as well as cash raised from the closure of the carried interest loophole.

Not exact matches

The GOP's proposed tax plan keeps the so - called carried - interest loophole that benefits managers of hedge funds and private equity funds.

Contrary to popular assumptions, the largest tax expenditures are a handful of widely - used and popular tax breaks — not a few unpopular loopholes like carried interest or preferences for corporate jets.

, the largest tax expenditures are a handful of widely - used and popular tax breaks — not a few unpopular loopholes like carried interest or preferences for corporate jets.

In addition to the more high - profile policy issues in the budget talks, the IDC's resolution also includes an elimination of the personal income tax for New York City residents earning $ 45,000 and less, efforts to make college more affordable and reduce student debt and support for a multi-state effort to close a «loophole» in carried interest.

The Blackstone Group, a hedge fund that is among opponents of closing the carried interest loophole at the state level, is home — once again — to ex-top Cuomo administration aide Bill Mulrow, who is chairing the governor's 2018 campaign.

Gov. Andrew Cuomo has introduced legislation to end what's known as the carried interest loophole, a measure long sought by the left of the governor's Democratic Party.

Cuomo would also close the carried interest loophole, which benefits hedge funds, but only if neighboring states of New Jersey and Connecticut also change their laws.

Governor Cuomo introduced legislation to end what's known as the carried interest loophole, a measure long sought by the left of the governors» Democratic Party.

Gov. Andrew Cuomo on Thursday introduced a bill to close the carried - interest loophole, a feature of the federal tax system benefiting private - equity managers that has come under scrutiny.

At 11 a.m., the Patriotic Millionaires Board Chair Morris Pearl and a number of members of the group arrive at Albany Airport's «Million Air» for a daylong push at the Capitol for closing the carried - interest loophole.

At 11:30 a.m., A broad coalition will gather in the state capitol to rally in support of expanding the millionaire's tax and closing the carried interest loophole, two key measures that would raise billions in new revenue from the wealthiest New Yorkers.

The NYT supports the new bill introduced by Assemblymen Sean Ryan and Jeff Aubry to close the so - called carried interest loophole, calling it the «most innovative» of several efforts to address the issue over the past decade.

Assemblymen Jeff Aubry and Sean Ryan plan to introduce a bill today that would close the so - called carried interest loophole, which allows fund managers to pay a substantially reduced federal tax rate on much of their income.

The goal is to close the carried interest loophole by imposing a 19.6 surcharge on income that falls under that category — typically hedge fund investors who have taken advantage of the relatively obscure section of the tax code.

Patriotic Millionaires, a group of self - described high - net - worth Americans, is backing a proposal in Albany that would close the so - called carried interest loophole.

He also would close the carried interest loophole, which benefits hedge funds, but only if the neighboring states of New Jersey and Connecticut also change their laws.

New York State could eliminate its $ 3.5 billion budget deficit — money that could help bolster schools and other social needs — if state lawmakers closed the «carried interest» loophole favoring private equity and hedge fund managers, said UFT President Michael Mulgrew and other proponents of closing the carried interest loophole at an Albany news conference on Feb. 14.

The group is also calling for the closure of a $ 3.5 billion carried interest loophole that lets managers of private equity funds and hedge funds pay taxes at the low rate that applies to capital gains, something Cuomo has proposed.

Reaction is coming in after New York Governor Andrew Cuomo introduced legislation to end what's known as the carried interest loophole, a measure long sought by the left of the governor's Democratic Party.