Carried Interest Tax Increase, S Corporation Curbs Softened in New Tax Extenders Proposal by Senate Finance Panel Chair Baucus

Senate Finance Committee Chairman Max Baucus (D-Mont.) June 16 introduced a new substitute amendment (S. Amdt. 4369) to the tax extenders bill (H.R. 4213) that would…

Senate Majority Leader Reid Seeks to Limit Debate, Pass Tax Extenders Legislation by Week’s End

Senate Majority Leader Harry Reid (D-Nev.) filed a motion June 14 to invoke cloture on the tax extenders bill (H.R. 4213) in an effort to complete the…

House Leaders Balk at Senate’s Proposed Changes to Tax Extenders Bill

Key House Democrats expressed opposition June 9 to changes the Senate is considering for the tax extenders bill (H.R. 4213), including the decision to scale back the tax increase on…

Senate Finance Committee Amends House-Brokered Tax Extenders Bill to Soften Carried Interest Tax Increase

The Senate began debate on an updated version of a tax extenders bill (H.R. 4213) June 8 that would scale back the tax increase on investment managers’ carried interest…

Carried Interest Tax Hike Passes House in Tax Extenders Bill; Senate Outlook Unclear

The House voted 215-204 May 28 to extend dozens of popular tax cuts through the end of 2010 and raise taxes on investment fund managers and businesses with foreign income…

Carried Interest Change Likely to Be Key Offset for Tax Extenders Measure, House Ways and Means Chair Says

House Ways and Means Committee Chairman Sander Levin (D-Mich.) said May 11 he expects a phased-in change to the tax treatment of carried interest to be a main offset for the tax extenders…

Carried Interest Tax Proposal Seen Having Scope, Impact Beyond Hedge Funds

A proposal to change the taxation of carried interest has made headlines because of its impact on hedge funds, but it also would have significant repercussions on the real estate industry…

Rep. Levin Assumes Acting Chairmanship of House Tax Committee over Rep. Stark

Rep. Sander Levin (D-Mich.) March 4 assumed the acting chairmanship of the House Ways and Means Committee a day after Rep. Charles Rangel (D-N.Y.) stepped…

Senate to Bring $31 Billion Tax Extenders Measure to Floor During Week of March 1

Senate Democratic leaders announced Feb. 26 that they will bring a long-awaited bill featuring $31 billion in extensions of expired tax cuts to the Senate floor during the week of March 1.