Buyout Firms to Avoid a Tax Hike
Reid Passes Word Senate Won’t Act
Washington Post Staff Writer
Tuesday, October 9, 2007; Page A01
Senate Majority Leader Harry M. Reid (D-Nev.) has told private-equity firms in recent weeks that a tax-hike proposal they have spent millions of dollars to defeat will not get through the Senate this year, according to executives and lobbyists.
. . . In one meeting with industry representatives last month, Reid said the private-equity tax plan would not be considered in the Senate this year, according to a participant. Rather than citing the lobbying push, Reid implied that the reason had to do with the lack of time on the jammed Senate schedule.
. . . “There’s no carried interest proposal in the Finance Committee at this time,” Carol Guthrie, spokeswoman for Chairman Max Baucus (D-Mont.), said via e-mail. “We’re still reviewing the many issues surrounding that topic.”
Well, Harry–that excuse is a good as any other.
Dems have totally failed their constituents since the 2006 mid-term and yet they expect to sail through 2008 in a landslide. And, they probably will.
But government won’t change. It will only be different people getting paid off, ‘reviewing the many issues surrounding that topic,’ with their hand out.