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Biden Plan Puts Carried Interest On the Chopping Block

“It’ll be part of the 'sausage making' of negotiating legislation that can pass."

By Erik Sherman | April 29, 2021 at 07:04 AM

The White House released more than 7,800 words Wednesday morning describing the promises of President Joe Biden’s American Families Plan. It included not only a string of desired benefits—more free education, lower- and middle-class tax cuts, direct financial support, childcare, paid leave, and more—but also plans on how to help pay for it all.

The Peter G. Peterson Foundation, the eponymous group started by the Blackstone Group co-founder that focuses on fiscal sustainability, called the suggestions “thoughtful proposals” that deserved “substantial credit for identifying ways to pay for these proposals.” 

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