washington candidate u.s. president donald trump promise close carry interest tax break benefit wall street wealthy financier republican tax bill release thursday make mention carry interest share investment fund profit typically 20 percent beyond return guarantee investors pay general partner private equity venture capital real estate hedge fund current law carry interest income tax capital gain rate 20 percent well 39.6 percent rate high earners pay ordinary wag salary trump pledge populist presidential campaign close carried-interest loophole say hedge fund managers paper pushers get away murder carry interest represent large portion many fund managers incomes years employ washington lobbyists help defend lucrative tax break treasury secretary steven mnuchin say august trump administration still plan close loophole hedge fund might exemption allow financial firm create job continue take advantage tax break 429-page tax bill release republicans house representatives thursday language change financial firm take advantage low carried-interest rate introduce text modify current policy relate carry interest spokesman tax-writing house ways mean committee say bill expect undergo revisions bring vote house trump say would like see house senate pass tax legislation u.s. thanksgiving holiday nov. 23 fully expect months ago one thing would close loopholes would one thing trump talk campaign say seth hanlon senior fellow liberal center american progress former economic adviser democratic president barack obama obama target carry interest loophole never close government estimate show cost federal budget least 20 billion next decade wall st. tax break blast trump preserve republican bill