Thursday, July 26, 2007

Emanuel Reaches Out to Buyout-Firm Allies as Congress Weighs Tax Increase

(Bloomberg) -- Madison Dearborn Partners LLC needed
a sympathetic hearing for its concerns about proposed
legislation that would more than double taxes on buyout firms,
so it turned to an old friend: Representative Rahm Emanuel of
Illinois.

Madison Dearborn's chief executive officer, John Canning,
said Emanuel came to the Chicago firm's offices several weeks
ago and listened as executives made the case that any
legislation shouldn't single out hedge funds and buyout firms.


Read more at Bloomberg Bonds News

No comments: