Private equity underwriters (PEU's) have at least two more years of preferred taxation on investment earnings. That assumes Congress passes President Obama's budget proposal. The big money boys bankroll many Democrats and most Republicans.
The provision could fall by the wayside anytime between now and 2011. Watch for the PEU boys to throw a fit, unless they already reformed compensation knowing the rule change was coming?
This could be as effective as George W. Bush's lecturing Wall Street traders for Board approved CEO pay abuses. Stay tuned.
The provision could fall by the wayside anytime between now and 2011. Watch for the PEU boys to throw a fit, unless they already reformed compensation knowing the rule change was coming?
This could be as effective as George W. Bush's lecturing Wall Street traders for Board approved CEO pay abuses. Stay tuned.
Update 5-14-25: Yes, it is still around after candidates for both parties ran on eliminating PEU preferred "carried interest" taxation.
That big beautiful House bill does not eliminate PEU preferred "carried interest" taxation. It even adds another tax break for pass through corporations and BDCs.
Politicians Red and Blue love PEU and increasingly, more are one.
