Using new research and tax data, the estimate rose to $87.7bn over 10 years from $47.5bn for a Democratic senators' proposal.
The Joint Committee on Taxation estimated a similar Wyden, King and Whitehouse bill would raise about $63bn over a decade, while the Budget Lab sees roughly $250bn in the second decade.
Carried interest lets many private equity and venture capital managers pay capital gains rates on profit shares, and a higher estimate could renew Democratic efforts to curb a tax break that has largely survived.
With revenue estimates now at $90 billion, why has this decades-old tax break for fund managers never been closed?
How will taxing carried interest as income affect the venture capital that fuels tech startups and American innovation?
What creative financial strategies are investment firms already using to shield their carried interest profits from new tax rules?