Donald Trump argues that Washington is captured by special interests, especially Wall Street.

Trump argues that Washington politicians don’t know how to make deals, including with each other.

Trump argues that a weak Republican establishment has let a Democratic president steamroll it with executive actions.

I have a humble suggestion for how the political establishment — particularly the Republican political establishment — can kill all three of these allegations with one stone.

Congress should close the “carried interest loophole.”

This refers to a quirk in the tax code that allows a small, mostly mega-rich segment of the population to pay much lower tax rates than everyone else.

Managers at certain kinds of investment funds — such as private equity and venture capital funds — receive a share of the profits earned on their clients’ investments in exchange for the service of managing those investments. This performance fee is called “carried interest.”

These managers report this carried interest as long-term capital gains, which are taxed at 20 percent. That’s about half the tax rate they would pay if carried interest were treated as ordinary labor income and taxed at the top marginal rate.

This is a huge giveaway to a tiny but generally ultrawealthy and politically influential constituency. Hillary Clinton, Bernie Sanders, Jeb Bush and Trump all targeted this loophole for closure in their tax plans. Trump in particular has made it a frequent talking point, since it conveniently illustrates his sometimes-made populist claim that he’d soak the politically connected rich.

President Obama has advocated taxing carried interest as ordinary income for years. And in recent months, a growing chorus of tax experts has argued that the White House can close the loophole without any action from Congress. Should the Obama administration indeed decide to pursue closing the carried interest loophole through Treasury action, GOP legislators would find themselves in a very bad position.

Executive overreach is a touchstone of the Republicans’ anti-Obama narrative, so they’d be obligated to oppose such a move. Opposing such action, though, would play into the anti-establishment populist narrative — presented by Trump and Sanders, among others — that most GOP politicians are Wall Street puppets.

Which is exactly why it would be so smart for House Speaker Paul Ryan and the rest of the Republican Congress to get in front of this issue while it’s in the spotlight, and close the loophole themselves.

Relatively little money is at stake (about $20 billion over the next decade, according to the Joint Committee on Taxation). Nonetheless, plugging an unfair and unpopular loophole through legislative action would be a major symbolic victory. It would demonstrate that a Republican-led Congress could actually get something done, was not beholden to its financier donors and could even unify around the leadership of its new party standard-bearer.

Win-win-win — just the kind of deal making Trump has been advertising.

© 2016, Washington Post Writers Group