The White House outlined its tax priorities in a meeting with House GOP leaders on Thursday, a White House official tells Axios. Trump is advocating to eliminate the “carried interest loophole,” which allows partners of investment funds to pay a lower tax rate on a portion of their profits. Trump also wanted to close the loophole in 2017, but the idea was not included in the final bill, the report noted. Asset managers and financial services companies that could be impacted include Blackstone (BX), KKR (KKR), Apollo Global (APO) and Carlyle (CG).
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