Hedge Fund Managers Rejoice! Ending Capital Gains Loophole Is Not A Part Of The "Gang Of Six" Plan

The hedge fund managers have won a temporary victory.

With this new “gang of six” plan, there is now an agreement on a framework for what will be a plan to prevent the U.S. from hitting the debt ceiling without risk of a default.

And guess what it doesn’t include: closing the capital gains loophole.

It’s not a final agreement yet, but it’s enough to believe that we’ll be fine.

But regardless, the capital gains loophole is safe for now. This is from Durbin’s office:

“Capital gains will not be a part of the deal to get us through the August 2nd deadline.”

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