Bloomberg – White House budget director Peter Orszag predicted Congress would approve higher taxes on managers of private equity firms, real estate funds and other investment partnerships in the coming weeks.
Orszag, speaking yesterday at a conference in New York sponsored by the Reuters news agency, said, “I believe that there will be some legislative changes in carried interest, although the exact parameters are still being negotiated.” He said he expected the Senate to pass the levy “within the next few weeks.”
