The Republican tax scam bill represents a laundry list of broken campaign promises from Donald Trump. Is carried interest? Seriously?
GEIST: Wait, hold on. You don’t think that’s important?
BRADY: You know what his primary campaign pledge was? Lower the tax rates, let people keep more of what they earn.
GEIST: Would you concede that carried interest – and we will move on to other parts of this bill – that benefits primarily a small group of private equity firms?
BRADY: I will concede that you are obsessed with one issue rather than the bigger picture. Would you concede that it benefits the wealthy New York private equity firms?
BRADY: No, it doesn’t.
The idea that carried interest doesn’t benefit private equity firms is complete nonsense.