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BIZARRE: Democrats complicate the private equity tax loophole - You Need To See This

Private equity investors were stunned last week when Sens. Joe Manchin and Chuck Schumer agreed to a giant reconciliation bill. Not only that Manchin got to yes on anything, but that he adopted very convoluted language on changing the tax treatment of carried interest.

The big picture: This could become a full employment act for private equity fund accountants.


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