Trump Will Seek to End Carried Interest, Expand SALT in Tax Bill

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including ending the carried interest tax break used by private equity fund managers and expanding the state and local tax deduction.

White House Press Secretary Karoline Leavitt told reporters that Trump laid out those measures and other provisions he would like to see in a sweeping tax bill this year during a meeting Thursday.

Among the tax cuts he mentioned are his campaign pledges to end levies on tips, Social Security payments and overtime pay. Leavitt also said Trump wants to end what she cast as “special ...