Wonkbook: The GOP tax plan could mean a big break for some of Donald Trump's least favorite people

By Max Ehrenfreund As a presidential candidate, Donald Trump lambasted hedge-fund managers for paying too little in taxes. "The hedge-fund guys are getting away with murder," Trump told CBS News in 2015. "They're paying nothing, and it's ridiculous." Under a plan put forward by Republicans in Congress, tax rates for hedge-fund managers would be far below …   The latest economic and domestic policy from Wonkblog   Trader Peter Tuchman works on the floor of the New York Stock Exchange in 2012. (Richard Drew/AP) By Max Ehrenfreund As a presidential candidate, Donald Trump lambasted hedge-fund managers for paying too little in taxes. "The hedge-fund guys are getting away with murder," Trump told CBS News in 2015. "They're paying nothing, and it's ridiculous." Under a plan put forward by Republicans in Congress, tax rates for hedge-fund managers would be far below where they are now due to a provision that, at first, might seem unrelated to their work: a tax exemption for exports. GOP lawmakers have suggested that reducing taxes on exports would help Americans in industries that sell goods overseas, such as farmers growing soybeans in the Midwest or workers building airplanes in Seattle. Hedge funds happen to be one of America's major export industries. Read the rest on Wonkblog. Top policy tweets Interesting: GOP exploring tax credits in their Obamacare repeal bill being adjusted by age and/or family size https://t.co/pOFUIxzzDU — MJ Lee (@mj_lee) February 8, 2017 ADVERTISEMENT   In light of the court battle, have to say this piece, about the end of post-9/11 deference, is holding up well https://t.co/Ajw2hfWtBa — Dara Lind (@DLind) February 8, 2017 While the education world was watching DeVos confirmation vote, House took big step toward rolling back ESSA regs https://t.co/N2pGBFlP5m — emma brown (@emmersbrown) February 8, 2017 solar employment is now twice that of coal https://t.co/GGWrtrqXG7 — ryan cooper (@ryanlcooper) February 8, 2017 Congressional Republicans are just fine with Trump's use of presidential power to intervene in a business dispute involving his family. https://t.co/LHX9nFkhcA — Greg Sargent (@ThePlumLineGS) February 8, 2017 Most Recent Posts from Wonkblog The business lobby’s hypocritical, one-size-fits-all answer to regulation: No They are only too happy to tote up every conceivable cost for those "crushing," "job-killing" regulations, but resist toting up the benefits. By Steven Pearlstein  •  Read more »   The GOP tax plan could mean a big break for some of Donald Trump’s least favorite people Trump even said, in 2015, that they were "getting away with murder." By Max Ehrenfreund  •  Read more »   What happened when a pro-Trump county discovered it was a ‘sanctuary city’ By Todd C. Frankel  •  Read more »   Remembering Hans Rosling, the visualization pioneer who made data dance Rosling was a passionate advocate for a "fact-based worldview." By Christopher Ingraham  •  Read more »   Trump jokes with sheriffs about destroying a Texas legislator’s career over asset forfeiture President Trump said, "Do you want to give his name? We'll destroy his career." By Christopher Ingraham  •  Read more »   ADVERTISEMENT   Recommended for you   Today's WorldView What's most important from where the world meets Washington, plus the day's most essential reads and interesting ideas. Sign Up »         Share Wonkbook:       Twitter      Facebook Trouble reading? Click here to view in your browser. You received this email because you signed up for a Wonkblog newsletter. For additional free newsletters or to manage your newsletters, click here. We respect your privacy. If you believe that this email has been sent to you in error or you no longer wish to receive email from The Washington Post, click here. Contact us for help. ©2017 The Washington Post, 1301 K St NW, Washington DC 20071