Sander M. Levin

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Charlie Rangel's Replacement Booted, Too

Other Democrats balked at loose-lipped Pete Stark taking over

(Newser) - The House Ways and Means Committee ousted its second chairman in as many days today, when Nancy Pelosi announced Sandy Levin as its new acting chairman. When Charles Rangel stepped down from the chairman job yesterday, Pelosi picked the committee’s senior Democrat Pete Stark to take over, the Hill... More »

Congress Drops Tax Hike for Private Equity

Superwealthy investors will get to keep tax breaks they now enjoy

(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 calendar makes considering the bill—... More »

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