The bill would end the “carried interest” income exemption, which allows hedge fund managers and private equity firms to get the investment-income tax rate on their normal wage income.
Debate over transparent and non-transparent contributors obscures funds that wind up in politics. Will new guidelines change anything?
WASHINGTON — In recent weeks, broad-based opposition has strengthened to a landmark, if overdue, proposal from the Obama administration to limit avenues for anonymous political funding. In late November, the U.S. Treasury and the Internal Revenue Service (IRS) proposed new guidelines to redefine a category of tax-exempt groups that, in recent