President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.

Investment firms successfully defended the carried interest tax exemption before. Can they do it again?Sarah Yenesel/EPA, via Shutterstock

We’ve got a whirlwind of news out of Washington — the carried interest tax exemption in the cross hairs, the latest on DOGE and an update on settlement talks between CBS and President Trump — but you should also pay attention to this news out of Washington State.

Amazon said it planned to spend $100 billion on capital expenditures this year, the “vast majority” of which was meant to capture a “once-in-a-lifetime type of business opportunity” in artificial intelligence. That level of spending eclipses what Google, Meta and Microsoft each have committed to spending on A.I. infrastructure.

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Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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