The top 25 hedge fund managers make more than all kindergarten teachers in the country. Yet they pay a lower tax rate because of something called the carried interest tax loophole, which is basically a government subsidy for millionaires and billionaires!
If we closed this tax loophole and taxed taxed hedge fund managers like we tax teachers and every other American, we would generate $17.7 billion over a single decade.
This is money that could go to public education- and into normal working American’s tax breaks!
That is why we are calling on all 2016 presidential candidates to commit to closing the carried interest loophole within their first 100 days of office.
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