US President Donald Trump has outlined his priorities for a sweeping tax bill, aiming to crack down on billionaire sports owners and wealthy investors. The proposals include ending the carried interest tax break used by private equity fund managers and expanding the state and local tax deduction (SALT). In a meeting with Republican lawmakers, Trump presented these measures as part of a comprehensive tax reform plan.
Source: https://www.bloomberg.com/news/articles/2025-02-06/trump-will-seek-to-end-carried-interest-expand-salt-in-tax-bill