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PE Council Opposes Blackstone Bill

The Private Equity Council announced its opposition to legislation introduced last week by Sens. Max Baucus (D-Montana) and Charles Grassley (R-Iowa), that would tax publicly-traded private equity partnerships at corporate rates.  

After studying the bill, we have concluded that the Baucus-Grassley legislation, by significantly raising taxes on U.S. private equity firms that seek to offer shares to the public, will discourage them from tapping into the most robust capital market in the world