Tag: tax loophole

The Surreal Politics of a Billionaire’s Tax Loophole

Hillary Clinton has gone even further than Donald Trump in promising to kill a tax break that benefits some of the wealthiest people in finance. One might reasonably expect Clinton's campaign contributions from private equity to suffer as a result of this stance, and for the money to flow overwhelmingly to the Republicans, as it did in the last presidential election. So why are private equity titans giving all their campaign money to Clinton?