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New Report Highlights Illinois Money Managers Profiting Off Of Tax Loophole at Expense of Schools and Social Services

Governor Rauner and Deep Pocketed Political Donors Among Those Benefiting From Carried Interest Loophole
Chicago, IL –(ENEWSPF)—April 21, 2017. This week, Grassroots Collaborative in conjunction with Hedge Clippers released a new report, “Illinois Billionaires and Their Lucrative Loophole: How Illinois Can Raise Billions by Taxing Carried Interest” which examines the hedge fund and private equity managers profiting off of the carried interest tax loophole at the expense of the rest of taxpayers.

“The carried interest loophole allows equity firms and other members of the wealthy elite to lower their federal tax rates below . . .

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