The White House doesn't want to close the carried interest tax loophole for private equity. Or for venture capital. Or for real estate partnerships. Or for oil and gas. Or timber. So rest easy, all of you fund managers who get nonsensical tax breaks on your fees for service. (Disclaimer: Unless you're a hedge fund manager who can't figure out how to recharacterize yourself as a private equity fund or pass-through entity).
To be clear, I'm not reflecting actual tax policy put forth by the Administration, since there still isn't any. Instead, I'm listening to Treasury Secretary Steve Mnuchin.