For all his huffing and puffing about them and their nefarious loopholes, President Trump and his “hedge fund guy”-stocked administration have never done much to punish those paper pushers in the pocket, except inadvertently by punishing people who don’t vote for him. And just as often, it inadvertently hands those hedge fund guys a major tax windfall through carelessness and sloppiness before (probably ineffectually) trying to roll it back.
Speaking of slapdash policymaking and unintended consequences, Trump is considering adding to his collection of ineffective economic stimulus executive orders with another, indexing capital gains for inflation. While this would almost certainly not “create a lot more jobs” as Trump promises, it would be kind of a pain in the ass for hedge funds.