(Read more on the debt and equitymarkets.)
WASHINGTON, DC-On Friday, the House of Representative passed a$78.3-billion measure that would shield some 21 million people fromthe alternative minimum tax. It has paid for the bill, though, witha provision that more than doubles--from 15% to 35%--the tax rateon carried interest.
The prospect for passage in the Senate is less certain--but evenif the measure fails this year in that legislative body, it couldbe introduced again in the next session. In short, the real estateindustry and related financial sector services are becoming morenervous as prospects for this proposal becoming law become morereal.
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