With the polls showing a Trump presidency gaining increasing odds, sources tell On The Money that just hours after the US senator from Ohio’s selection as Trump’s running mate, analysts began hosting conference calls with clients – big investors, major companies, etc. – on what his possible election as a vice president might have on policy.
Vance, he says, may do away with its cherished tax loophole, the so-called carried interest deduction that allows PE firm managers to a lower tax rate on money made on their portfolio companies than the rate for regular income. Others aren’t so sure. One PE government affairs official says he’s not worried. “JD has bigger fish to fry,” he says. And one big fish is energy policy. Vance wants more drilling, my sources say, and he will definitely push for far less green energy gambits coming from the Biden administration. EV tax credits could be gone as well if he had druthers.