Sirota: They (Congress) work for billionaires [View All]

[antigop]

http://www.washingtonpost.com/wp-dyn/content/article/2007/10/08/AR2007100801704.html?sub=AR

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"Senate Majority Leader Harry M. Reid (D-Nev.) has told private-equity firms in recent weeks that a tax-hike proposal they have spent millions of dollars to defeat will not get through the Senate this year, according to executives and lobbyists...In response, private-equity firms -- whose multibillion-dollar deals have created a class of superwealthy investors and taken some of America's large corporations private -- hired dozens of lobbyists, stepped up campaign contributions and lined up business allies to wage an unusually conspicuous lobbying blitz...Senate leaders in general, including those on the Finance Committee, have been reluctant to advance the issue at all. 'There's no carried interest proposal in the Finance Committee at this time," Carol Guthrie, spokeswoman for Chairman Max Baucus (D-Mont.), said via e-mail. 'We're still reviewing the many issues surrounding that topic.'"
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