Democrats in Congress again propose end to carried interest tax break

It's been more than 10 years since then-President Barack Obama first proposed ending the carried interest tax break, a provision that allows top earners from private equity and hedge funds to pay a smaller percentage in federal income tax than other Americans.

With Democrats now in control of both chambers of Congress and the presidency, legislation to close the loophole and increase the tax burden for investment managers is back on the agenda. READ MORE