Our deficit is $1.8 trillion last year. Closing the carried interest loophole would only save $1-2 billion annually. https://taxpolicycenter.org/fiscal-facts/ta

Our deficit is $1.8 trillion last year. Closing the carried interest loophole would only save $1-2 billion annually. https://taxpolicycenter.org/fiscal-facts/tax-treatment-carried-interest https://taxpolicycenter.org/fiscal-facts/tax-treatment-carri... Explicit fuel subsidies are only $3 billion: https://www.eesi.org/papers/view/fact-sheet-proposals-to-reduce-fossil-fuel-subsidies-january-2024 https://www.eesi.org/papers/view/fact-sheet-proposals-to-red.... (Implicit subsidies are arguably much more, but anything that would make energy more expensive is an economy killer and would tank revenue.) What’s lost to corporate tax havens?