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June 16, 2007
More on Senate's Private Equity Tax Bill
Following up on yesterday's coverage of the Senate's proposed private equity tax bill:
- Associated Press: Private Equity Could Stop Bill, by Marcy Gordon
- New York Times: Tax Gap Puts Private Equity Firms on Hot Seat, by Jenny Anderson & Andrew Ross Sorkin
- Reuters: Blackstone Says Tax Changes Could Hurt Value
- Wall Street Journal:
- Blackstone & Taxes: Following the Money, by Tennille Tracy
- Debt and the Corporate Tax Base; Wave of Buyouts Is Seen Eroding U.S. Revenue; "Original Sin" of Code, by Anita Raghavan
- Narrow Effort Won't Hit Partnerships in Other Fields, by David Reilly
- Tax Plan Adds To the Pressures On Buyout Firms;Senate Bill Would Raise Levy Just as They Face Rising Interest Rates, by Henny Sender & Sarah Lueck
- Washington Post: Senate Bill Rattles Private-Equity Nerves; Industry Blindsided by Measure That Would Double Tax Bill for Going Public, by David Cho
June 16, 2007 in News | Permalink
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Comments
WHAT KIND OF COUNTRY HAVE WE BECOME? The least amoung us, the home health care workers who make minimum wage are being denied overtime pay, something all the rest of us take for granted. Home health care workers frequently work 60 hour weeks caring for people in their homes, thus saving our health care systems billions of dollars that would otherwise be required for hospital, nursing home, icf-mr, and hospice care. Yet they are not deserving of time and a half for more than 40 hours per week. Now compare that with the Shaft Man at the Black Heart Group, with his 400 dollars per claw rock crabs, and his 15 percent tax rate for 600 million dollars plus in capital gains that really should be counted as ordinary income. Ah, but he says he is worth every penny, and so its lobster and rock crab everyday. Meanwhile, the poor home health care workers are also being shafted on social security payments, medicare payments, and oh yeah, federal income taxes. Is there no justice in america today for the working man and woman? Not if Black Heart has anything to say about it.
Posted by: whet | Jun 16, 2007 4:06:38 PM
