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Senatator Baucus Introduces Bill that Rattles Private-Equity Nerves. Would Double Tax Bill for Going Public

Industry Blindsided by Measure That Would Double Tax Bill for Going Public

Until this week, few private-equity firms expressed worries about what lawmakers in Washington could do to dampen the white-hot success of the buyout business.

Today, many are concerned.

A bill two influential senators introduced Thursday took many private-equity executives by surprise and sobered the mood of a sector that has had little bad news. The measure by Senate Finance Committee Chairman Max Baucus (D-Mont.) and ranking minority member Charles E. Grassley (R-Iowa) would thwart a major tax advantage private-equity firms had hoped to enjoy when they sold shares to the public.

By David Cho
Washington Post Staff Writer

Full Story: http://www.magicvalley.com/articles/2007/06/16/ap-state-id/d8ppfn880.txt

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