<ul><li>President Trump's desire to kill the carried interest loophole has put the private equity industry on alert.</li><li>The carried interest rule, which allows executives at hedge funds and private equity firms to pay a low tax rate on their profits, is facing its biggest challenge since being weakened under former President Joe Biden.</li><li>The lobbying effort from the private equity industry, including the American Investment Council and venture capitalists, has intensified to defend the tax break.</li><li>Free market groups have also joined the effort to maintain the current status quo of the carried interest rule.</li></ul>

Trump Wants to Kill Carried Interest. Wall Street Will Fight to Keep It.

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