Breakfast and Taxes with the Senate Republicans. @larry_kudlow @cnbc

Nov 08, 03:43 AM


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Twitter: @batchelorshow

Breakfast and Taxes with the Senate Republicans. @larry_kudlow @cnbc

The House Ways and Means Committee is set to begin revising its tax reform plan on Monday to help ease some Republican lawmakers' concerns about the bill, which was unveiled last week. House Speaker Paul Ryan said Sunday that he expects the broad outlines of the bill to remain the same. Republicans are aiming to pass their tax legislation by Thanksgiving.

In the CNBC interview, Brady also said he's looking to effectively close a tax loophole used by hedge funds by increasing to two years "the holding period on carried interest." This would make the tax rule less profitable to exercise. The provision, being utilized in the short term by hedge funds, was designed to reward longer-term investments like real estate.

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