Latest in Loan Tax Deductions

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Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again

President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.
The New York Times - 4d
Small Businesses Will Be Subjected to ‘the Fury of Debt Collectors’ for Covid Loans, According to Senate Dems

Proposed legislation could hurt struggling small businesses, Senator Ed Markey warns.
Inc. - 4d
Tariff Uncertainty Taxes the Auto Industry

For some in the car industry, the uncertainty surrounding a US-border trade war is almost worse than the tariffs themselves. If the tariffs go through, the costs might get passed down to buyers.
Wired - 5d

Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again