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Posted on: Nov. 8, 2017, 7:01 p.m.
Republican lawmaker Kevin Brady introduced an amendment that would alter a long-standing tax provision called carried interest — and could raise taxes on Wall Street managers that keep holdings for less than three years. Brady said the change would prevent hedge-fund managers from taking advantage of the tax benefit, but they aren't the Wall Streeters using it. Currently, carried interest allows investment managers to have capital gains taxed at a lower rate than normal income tax if they hold the ... Full investment news articleRelevent to this post: Preqin,