Description:  The House passed a bill on Friday that would end a tax break for executives of investment funds, leaving hedge funds, private equity firms and venture capitalists scrambling to ease the effects of the bill before it is taken up by the Senate next month.

Source: NYTimes.com
 
Date: 05/28/2010

Link: http://www.nytimes.com/2010/05/29/business/29carried.html?ref=business

Questions for discussion:

• What impact do you think this change to the tax code would have on the investment industry?
• Do you consider the change fair?
• What are the arguments that support and those against introducing the changes?