Private Equity Carried Interest Removed from Senate Democrats’ Reconciliation Bill

Posted on 08/07/2022

The private equity industry breathed a sigh of relief as a provision that would have raised taxes on private equity and hedge fund managers’ income was removed from a bill Senate Democrats are aiming to pass in the coming days. U.S. Senate Majority Leader Chuck Schumer (Democrat-New York), and U.S. Senator Joe Manchin (Democrat-West Virginia)…

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