Bills Introduced to Close Carried Interest Loophole, Limit Derivatives as Tax Dodge

Lawmakers are busy introducing tax bills in response to the release last week of President Donald Trump’s tax blueprint. Senate Finance Committee Ranking Member Ron Wyden, D-Ore., introduced legislation Tuesday to prevent wealthy investors from using derivatives as a tax dodge and Sen. Tammy Baldwin and Rep. Sander Levin reintroduced their bill to close the carried…