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Wall Street's Lucrative Tax Break Is Under Fire

Date: August 3, 2007

Authors: Jeffrey H. Birnbaum and Lori Montgomery

QUOTE: The most controversial tax break on Wall Street, known simply as the Carry, is not authorized by any law and was never approved by Congress.

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Article MetaInformation:

Key People:

• Warren E. Buffett
• Stephen A. Schwarzman
• Prof. Mark P. Gergen Esq.
• Scott M. Sperling
• Rep. Sander M. Levin

Key Organizations:

• AFL-CIO
• Blackstone Group
• Chrysler Corporation
• Hilton Hospitality
• Internal Revenue Service (IRS)
• Private Equity Council (PEC)
• Securities and Exchange Commission (SEC)
• Thomas H. Lee Partners
• Treasury Department/Department of the Treasury
• Washington Post Newspaper

Subject & Geographic Categories:

• Businesses & Organizations
  • Industry-Specific Issues
    • Securities (Wall Street)
      • Venture Capital / Angel Investing

• Government & Politics / History
  • Government (General)
    • Tax Policy
      • Taxation: Business
      • Taxes: Shelters / Evasion

• North America
  • United States of America/USA

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