On Monday, it is likely that the House will bring the Extender packageto the Rules Committee. The Extender package is a series of taxproposals that are bundled together each year for extension. Thisyear, the carried interest proposal was made part of it--although theindustry has been furiously lobbying to have it removed. After theRules Committee receives the package, it will issue the rule forcarried interest--it will either be a closed or open rule--and thensend the rule and package to the House floor on Tuesday or Wednesday.
If the rule is closed, then there is no possibility of a change. Evenif it is an open rule, the amendments likely to be offered areprocedural. Industry associations such as the Real Estate Roundtablesay that as of Friday the carried interest proposal remains in thepackage. There is no schedule as of yet for the Senate--or word on whether thelobbying campaign has had more of an impact in that chamber.
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