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Congress Drops Tax Hike for Private Equity

Superwealthy investors will get to keep tax breaks they now enjoy

By Peter Fearon,  Newser Staff

Posted Oct 9, 2007 12:39 PM CDT

(Newser) – A proposed tax hike on some of America's wealthiest investors isn't likely to happen this year, as Senate Democrats say they're shelving a bill that would have eliminated the special tax rate enjoyed by private-equity managers. Senate Majority Leader Harry Reid says a crowded legislative...   Read full story »

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