<ul><li>Wall Street is preparing to defend the carried interest tax break, which is one of its most cherished tax breaks.</li><li>President Trump has outlined his tax priorities and plans to address the carried interest loophole.</li><li>Carried interest is the share of profits that investment managers receive as compensation.</li><li>This news suggests that Wall Street might face a significant battle to maintain this particular tax break.</li></ul>

Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again

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