Clinton to pledge to close carried interest tax loophole: adviser

Reuters News
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Posted: Jul 11, 2015 2:51 PM

NEW YORK (Reuters) - Democratic presidential contender Hillary Clinton will pledge on Monday to close the carried interest tax loophole that allows private equity fund managers to pay a lower tax rate on much of their earnings, according to a draft of a speech seen by an outside adviser.

Clinton, who is seeking her party's nomination to run in the November 2016 election, took a similar stance during her last presidential campaign in 2007, and is expected to reaffirm it in a speech on her economic policy in New York City on Monday.

(Reporting by Jonathan Allen)