IPO Bill Hits Speed Bump In Senate

The bill is still expected to advance on Wednesday, Senate Democratic aides told Reuters. Some said they expect it will pass the 60-vote threshold needed to pave the way for final passage, although one aide predicted the vote could be close.

Senate Democrats Seek To Impose Higher Taxes On Investment Fund Managers

(Reuters) – U.S. Senate Democrats on Thursday revived an effort to impose steeper taxes on investment fund managers and to hike taxes on oil companies for a federal liability trust fund. The proposed legislation would raise about $14 billion over a decade by taxing most of a fund manager’s income at the higher ordinary income […]

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