Wyden Urges Crackdown on Tax-Saving Strategies

07:28 PM EDT, 10/29/2026 (MT Newswires) -- US Senator Ron Wyden urged Trump administration officials to curb the growth of tax-saving investment strategies popularized by AQR Capital Management, Bloomberg reported Thursday, citing a letter. The strategies use long and short stock positions to realize losses that offset capital gains while deferring taxes on profitable holdings. Wyden called on Treasury Secretary Scott Bessent and Internal Revenue Service chief Frank Bisignano to protect the federal tax system, the report said. The IRS last month said it plans to take steps to curb certain strategies, including those aimed at eliminating taxes on ordinary income, Bloomberg said.