Trish Regan: ‘Fat Cat Billionaires Are Paying Off Both Parties’ To Maintain Carried Interest Loophole

RUSH TRANSCRIPT Trish Another ░░░░░░░░ the carried interest loophole ░░░░░░░░ is a little known ░░░░░░░░ that private equity firms ░░░░░░░░ as a way to ░░░░░░░░ less in taxes A ░░░░░░░░ lot less in taxes ░░░░░░░░ Trump wanted this loophole ░░░░░░░░ and he campaigned on ░░░░░░░░ There are reasons the ░░░░░░░░ fund managers are all ░░░░░░░░ to Hillary Clinton s ░░░░░░░░ And not to mine ░░░░░░░░ getting rich off the ░░░░░░░░ system and who want ░░░░░░░░ to change and nothing ░░░░░░░░ don t want anything ░░░░░░░░ change They want to ░░░░░░░░ it the way it ░░░░░░░░ Are throwing their money ░░░░░░░░ Hillary Clinton We will ░░░░░░░░ the carried interest deduction ░░░░░░░░ known deduction and other ░░░░░░░░ interest loopholes that have ░░░░░░░░ so good for Wall ░░░░░░░░ investors and for people ░░░░░░░░ me Trish Good idea ░░░░░░░░ the message fell on ░░░░░░░░ ears Watch Look carried ░░░░░░░░ we can talk about ░░░░░░░░ for the next hour ░░░░░░░░ you would like but ░░░░░░░░ most Americans they could ░░░░░░░░ less about that That ░░░░░░░░ the best question you ░░░░░░░░ got transformational tax return ░░░░░░░░ carried interest Seriously Do ░░░░░░░░ consider that carried interest ░░░░░░░░ or investment Well again ░░░░░░░░ s technically it s ░░░░░░░░ interest in the way ░░░░░░░░ it s allocated in ░░░░░░░░ tax system Also known ░░░░░░░░ profits interest Trish You ░░░░░░░░ it should get a ░░░░░░░░ tax rate Again it ░░░░░░░░ a complicated issue It ░░░░░░░░ not that much money ░░░░░░░░ Actually it s kind ░░░░░░░░ a lot of money ░░░░░░░░ in 180 billion over ░░░░░░░░ years possibly So you ░░░░░░░░ what Americans do care ░░░░░░░░ every single one of ░░░░░░░░ should care Fat cat ░░░░░░░░ are paying off both ░░░░░░░░ to ensure that they ░░░░░░░░ treat their income and ░░░░░░░░ is their income like ░░░░░░░░ investment and pay a ░░░░░░░░ tax rate Investment gets ░░░░░░░░ at that time lower ░░░░░░░░ and it should absolutely ░░░░░░░░ I don t begrudge ░░░░░░░░ that and I don ░░░░░░░░ begrudge the anyone that ░░░░░░░░ is income and you ░░░░░░░░ t or at least ░░░░░░░░ shouldn t be treating ░░░░░░░░ otherwise Steve schwartzen CEO ░░░░░░░░ the world s largest ░░░░░░░░ equity firm has given ░░░░░░░░ than 3 million to ░░░░░░░░ McConnell linked super PAC ░░░░░░░░ won determine why a ░░░░░░░░ York City cop might ░░░░░░░░ paying a higher tax ░░░░░░░░ on his income than ░░░░░░░░ Steve schwartzen private equity ░░░░░░░░ that may make 400 ░░░░░░░░ Because I will tell ░░░░░░░░ what the swamp has ░░░░░░░░ it Now the good ░░░░░░░░ is we have found ░░░░░░░░ way for the president ░░░░░░░░ still fix this and ░░░░░░░░ save American taxpayers 180 ░░░░░░░░ Enough to hey pay ░░░░░░░░ the wall Maybe a ░░░░░░░░ of walls Maybe reduce ░░░░░░░░ deficit And the president ░░░░░░░░ will not need the ░░░░░░░░ to do it to ░░░░░░░░ with Congress