Sunday, July 08, 2007

RED HERRING | He’s Richer Than Me

"In a public relations and lobbying offensive, venture capitalists are seeking to separate themselves from high-living leveraged buyout moguls and skirt Capitol Hill tax reformers who are seeking to raise tax rates on private equity fees.

The battle lines were drawn June 22 when Democratic Representatives Sander Levin, Charles Rangel, and Barney Frank introduced H.R. 2834, a bill that would more than double the tax on carried interest, the slice of profits general managers take in venture capital and other private equity deals."

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