Tuesday, October 9, 2007

Dems Get Their Marching Orders

Buyout Firms to Avoid a Tax Hike

Reid Passes Word Senate Won't Act

Washington Post Staff Writer Tuesday, October 9, 2007; Page A01

Senate Majority Leader Harry M. Reid (D-Nev.) has told private-equity firms in recent weeks that a tax-hike proposal they have spent millions of dollars to defeat will not get through the Senate this year, according to executives and lobbyists.

. . . In one meeting with industry representatives last month, Reid said the private-equity tax plan would not be considered in the Senate this year, according to a participant. Rather than citing the lobbying push, Reid implied that the reason had to do with the lack of time on the jammed Senate schedule.

. . . "There's no carried interest proposal in the Finance Committee at this time," Carol Guthrie, spokeswoman for Chairman Max Baucus (D-Mont.), said via e-mail. "We're still reviewing the many issues surrounding that topic."

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Well, Harry--that excuse is a good as any other.

Dems have totally failed their constituents since the 2006 mid-term and yet they expect to sail through 2008 in a landslide. And, they probably will.

But government won't change. It will only be different people getting paid off, 'reviewing the many issues surrounding that topic,' with their hand out.


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