The Tax Loophole That Won’t Die
The Daily15 Aug 2022

The Tax Loophole That Won’t Die

Carried interest is a loophole in the United States tax code that has stood out for its egregious unfairness and stunning longevity.

Typically, the richest of the rich pay 40 percent tax on their income. The very narrow, select group that benefits from carried interest pays only 20 percent.

Earlier versions of the Inflation Reduction Act targeted carried interest. But the loophole has survived. Senator Kyrsten Sinema, Democrat of Arizona, demanded her party get rid of efforts to eliminate it in exchange for her support.

How has the carried interest loophole lasted so long despite its obvious unfairness?

Guest: Andrew Ross Sorkin, a columnist for The New York Times and the founder and editor-at-large of DealBook.

Background reading:

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

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Episoder(2702)

Wednesday, April 5, 2017

Wednesday, April 5, 2017

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5 Apr 201720min

Tuesday, April 4, 2017

Tuesday, April 4, 2017

In 2013, Republicans in the Senate warned Democrats that they would soon regret a decision so extreme that it’s called “going nuclear.” That prediction may prove true this week, as Republicans prepare to go one step further to ensure the confirmation of Judge Neil M. Gorsuch to the Supreme Court. Guests: Jonathan Weisman and Jennifer Steinhauer, reporters at The New York Times. For more information on today’s episode, visit http://nyti.ms/2naaW2G. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

4 Apr 201717min

Monday, April 3, 2017

Monday, April 3, 2017

Inside the New York Times investigation into accusations of harassment and other inappropriate behavior by Bill O’Reilly, and the lengths to which Fox News went to to keep the allegations quiet. Guest: Emily Steel, who has spent the last few months investigating this story. For more information on today’s episode, visit http://nyti.ms/2oHxCV8. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

3 Apr 201718min

Friday, March 31, 2017

Friday, March 31, 2017

The latest twist in a bizarre Washington drama that began 10 days ago, and what a technological development tells us about progress and repression in India. Guests: Matt Rosenberg, who is tracking the developments with Representative Devin Nunes; Ellen Barry, the South Asia bureau chief for The New York Times. For more information on today’s episode, visit http://nyti.ms/2n3yoyv. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

31 Mar 201721min

Thursday, March 30, 2017

Thursday, March 30, 2017

The climate change battle through one coal miner's eyes. And why Scott Pruitt, President Trump's E.P.A. chief, confounds both sides. Guests: Coral Davenport, who covers energy and the environment for The New York Times; Mark Gray, who spent 38 years working in the coal mines of Kentucky. For more information on today’s episode, visit http://nyti.ms/2nPhB1g. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

30 Mar 201722min

Wednesday, March 29, 2017

Wednesday, March 29, 2017

The message was hardly subtle: coal miners at the Environmental Protection Agency. How President Trump is promising to do away with Obama’s legacy on climate change. Plus: the latest “Brexit” news. Guests: Coral Davenport, who covers energy and the environment for The Times; Peter Goodman, a Times reporter in London. For more information on today’s episode, visit http://nyti.ms/2odWwys. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

29 Mar 201720min

Tuesday, March 28, 2017

Tuesday, March 28, 2017

President Trump wanted a faster battle plan. Iraqi leaders wanted quicker airstrikes. Is that why about 200 civilians are now dead in Mosul? Guests: Tim Arango and Rukmini Callimachi, New York Times reporters who have reported from Iraq. For more information on today’s episode, visit http://nyti.ms/2obiy4v. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

28 Mar 201714min

Monday, March 27, 2017

Monday, March 27, 2017

Now that the Republican health care bill is dead, what is the future of the Democratic plan it was supposed to replace? And we talk with one of the ordinary Canadians who signed on for a grand social experiment: adopting Syrian refugees for one year. What happens as that year ends? Guests: Margot Sanger-Katz, who has been reporting on our health care system for years; Jodi Kantor and Catrin Einhorn, who have been writing about Syrian refugees in Canada; Peggy Karas, a Canadian sponsor of a refugee family. For more information on today’s episode, visit http://nyti.ms/2odVsdT. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.

27 Mar 201722min

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