Trump Calls for End of Carried Interest Tax Break — The Information
Donald Trump on Sunday announced on his Truth Social platform a 100% tariff on all movies “produced in Foreign Lands”, saying the US film industry was dying a “very fast death” due to the incentives that other countries were offering to draw American film-makers.
The last time Republicans wrote a party-line tax bill, in 2017, he vowed to oppose the package as he pushed for better treatment of so-called “pass-through” businesses, which comprise most privately held companies. Formerly an executive for a Oshkosh plastics manufacturer, Johnson argued that the bill needed to benefit smaller businesses as much as... See more

