Trump Seeks to Close Carried-Interest 'Loophole'; VC Group Opposes Move -- Market Talk

Dow Jones

Feb 07, 2025

1817 ET - President Trump wants to "close the carried-interest tax deduction loophole," said White House spokeswoman Karoline Leavitt. She listed the Trump administration's tax priorities that she said the president laid out to congressional leaders. Venture capital and other investors collect carried interest. They pay a preferential federal tax rate on this income, which some politicians call a "loophole." The National Venture Capital Association, a venture industry group, issued a statement opposing the call. "Carried interest encourages smart, high-risk investments in innovative high-growth startups. The 2017 Trump tax legislation kept venture investment flowing to emerging technologies like AI, crypto, life sciences, and national defense. A change now will disrupt that progress and disproportionately harm small investors, especially in middle America," the NVCA and its CEO Bobby Franklin said. (yuliya.chernova@wsj.com)

(END) Dow Jones Newswires

February 06, 2025 18:17 ET (23:17 GMT)

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She listed the Trump administration's tax priorities that she said the president laid out to congressional leaders. Venture capital and other investors collect carried interest. They pay a preferential federal tax rate on this income, which some politicians call a \"loophole.\" The National Venture Capital Association, a venture industry group, issued a statement opposing the call. \"Carried interest encourages smart, high-risk investments in innovative high-growth startups. The 2017 Trump tax legislation kept venture investment flowing to emerging technologies like AI, crypto, life sciences, and national defense. A change now will disrupt that progress and disproportionately harm small investors, especially in middle America,\" the NVCA and its CEO Bobby Franklin said. (yuliya.chernova@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 06, 2025 18:17 ET (23:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Seeks to Close Carried-Interest 'Loophole'; VC Group Opposes Move -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Seeks to Close Carried-Interest 'Loophole'; VC Group Opposes Move -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-07 07:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1817 ET - President Trump wants to \"close the carried-interest tax deduction loophole,\" said White House spokeswoman Karoline Leavitt. She listed the Trump administration's tax priorities that she said the president laid out to congressional leaders. Venture capital and other investors collect carried interest. They pay a preferential federal tax rate on this income, which some politicians call a \"loophole.\" The National Venture Capital Association, a venture industry group, issued a statement opposing the call. \"Carried interest encourages smart, high-risk investments in innovative high-growth startups. The 2017 Trump tax legislation kept venture investment flowing to emerging technologies like AI, crypto, life sciences, and national defense. A change now will disrupt that progress and disproportionately harm small investors, especially in middle America,\" the NVCA and its CEO Bobby Franklin said. 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She listed the Trump administration's tax priorities that she said the president laid out to congressional leaders. Venture capital and other investors collect carried interest. They pay a preferential federal tax rate on this income, which some politicians call a \"loophole.\" The National Venture Capital Association, a venture industry group, issued a statement opposing the call. \"Carried interest encourages smart, high-risk investments in innovative high-growth startups. The 2017 Trump tax legislation kept venture investment flowing to emerging technologies like AI, crypto, life sciences, and national defense. A change now will disrupt that progress and disproportionately harm small investors, especially in middle America,\" the NVCA and its CEO Bobby Franklin said. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","BK4124":"机动车零配件与设备","VC":"伟世通","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC"},"translate_title":"特朗普寻求堵塞附带权益“漏洞”；风险投资集团反对此举——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VC":1},"content_text":"1817 ET - President Trump wants to \"close the carried-interest tax deduction loophole,\" said White House spokeswoman Karoline Leavitt. She listed the Trump administration's tax priorities that she said the president laid out to congressional leaders. Venture capital and other investors collect carried interest. They pay a preferential federal tax rate on this income, which some politicians call a \"loophole.\" The National Venture Capital Association, a venture industry group, issued a statement opposing the call. \"Carried interest encourages smart, high-risk investments in innovative high-growth startups. The 2017 Trump tax legislation kept venture investment flowing to emerging technologies like AI, crypto, life sciences, and national defense. A change now will disrupt that progress and disproportionately harm small investors, especially in middle America,\" the NVCA and its CEO Bobby Franklin said. 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