Multiple PEU Tax Breaks in Big PEUtiful Bill

A Bloomberg Radio interview regarding Trump II's tax doge for the super wealthy is worth the listen. 

Politico reported: 

The bill includes an expansion of a little-known break that Silicon Valley investors have used to nix tax bills on tens and even hundreds of millions of dollars in earnings from Internet startups

CNBC's Inside Wealth noted the impact of this venture capital tax dodge:

the new rules would allow an investor to put $74.9 million into a small business and have up to $749 million exempt from capital gains if it sold for more than 10 times the original basis.

That's a tax-free ten bagger.  Vice President J.D. Vance is former venture capitalist and junior TechGod.  Vance broke the tie in the Senate allowing the Big PEUtiful Bill to go back to the House.  The Narya Capital founder voted a giant tax break for his VC peers that could boomerang to his personal benefit.

It should be no surprise that private equity underwriters (PEU) also win.  EY advised in 2022:

For a private equity firm structured as a pass-through partnership, the "qualified small business stock" exclusion is available at the partner level rather than the partnership level. Thus, rather than the partnership being subject to one $10 million exclusion, each partner may avail themselves of their own $10 million exclusion. In order to benefit from Section 1202, however, in addition to the other requirements discussed below, each partner must have been a partner in the partnership on the date the QSBS was acquired and at all times through the date of sale, and the percentage that may be excluded cannot exceed the partner’s ownership percentage in the partnership at the time the stock was acquired.

Orrick Law Firm lays out the new rules.

President Trump signed into law the “One Big Beautiful Bill Act” that significantly expands the tax benefits available for qualified small business stock (QSBS). The expanded QSBS benefits apply to stock acquired after July 4, 2025

Politicians Red and Blue love PEU and their new TechGod brethren.  Increasingly, more are one.  Government of the PEU/TechGod, by the PEU/TechGod and for the PEU/TechGod.  

How doth elected officials show their love to PEU?  Let me count the tax breaks.  Just include the highly unpopular ones.