Tuesday, July 10, 2007

U.S. Congress eyes private equity, hedge fund titans

(Reuters) - In three separate hearings on Capitol Hill, lawmakers are expected to ask whether these secretive and super-rich financiers pay enough taxes and whether the Bush administration does enough to protect the economy and investors from them.




A handful of bills have been filed in both the Senate and the House of Representatives that would sharply raise tax rates paid by both private equity and hedge fund leaders, many of whom are billionaires but largely unknown to the public.


Read more at Reuters.com Bonds News

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