Super Committee Failure May Mean No Changes to Carried Interest in Near-Term

With the failure of the Congressional Supercommittee to reach agreement by its deadline, some $1.2 trillion in automatic discretionary defense and non-defense federal spending cuts are set to become effective January 1, 2013 (although it remains to be seen what will occur in the intervening year). One...

Carried Interest Tax Legislation Won't Go Away

Ways and Means Committee Ranking Member Sander Levin (D-MI) remains intent on increasing tax rates on carried interest (the profits funds managers earn on thier portfolios, which currently are taxed at 15%). At the end of last week, he announced his intention to reintroduce legislation that would...