As Reported in the New York Times: "[A] carried-interest tax increase is all but inevitable."
From the New York Times: "some people think that a carried-interest tax increase could be put back on the table." See also this article in PEHUB.
What I haven't seen written about in the various tax articles that have been written recently is how state and local tax increases will affect contemplated federal tax hikes. Both California and New York City are considering income tax hikes. Since state and local income taxes are deductible for federal income tax purposes, if state and local governments across the country raise income taxes this could reduce the federal revenues expected to be derived from federal income tax hikes, which might necessitate higher federal income tax hikes than previously contemplated.
