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The carried interest loophole has long allowed private equity and hedge fund managers to claim large portions of their compensation as investment gains — which allows them to pay lower tax rates than everyday Americans like nurses, teachers, and sanitation workers. It is the epitome of everything that is wrong with our country’s tax code.

But we have a chance to end this loophole and move closer to economic equity. Senators Sheldon Whitehouse (D-RI), Ron Wyden (D-OR), and Angus King (I-ME) have reintroduced the Ending the Carried Interest Loophole Act, aiming to close the loophole and require fund managers to pay the same tax rates as working people.

Ultra-wealthy hedge fund managers and private equity executives should not get to pay lower tax rates than working class Americans. Send a message to your Senators now and urge them to co-sponsor and pass the Ending the Carried Interest Loophole Act immediately.

Thanks for fighting for fairness,

Democratic Values