David Ignatius in a tongue-in-cheekishly titled article "Saving the little billionaires", which appeared in the Washington Post last Thursday, wrote that two unnamed White House economic officials had told him last week that the proposals to tax general partner carried interests in hedge and private equity funds as ordinary income were "probably dead, for this Congress and the next."
Interesting, indeed.
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Robert Kiggins, Esq. of McCarthy Fingar LLP, is author of the blog, and may be reached at (914) 385-1024 or rkiggins@mccarthyfingar.com. Nothing in this blog is legal advice and readers should not rely on anything in this blog as being legal advice.
