Although we are well positioned on our two most critical publicpolicy issues--terrorism risk insurance and the taxation of carriedinterests--anything can happen in coming days, as lawmakers withcompeting pressures and agendas enter into final negotiations witheach other and the Bush administration.
If we continue to aggressively communicate our policyperspectives, both inside and outside Washington, we can end 2007with a long-term extension of the terrorism risk insurance program;we can maintain the current capital gains tax treatment for realestate partnership carried interests; and we may secure alonger-term extension of energy efficiency and renewable fuel taxcredits for commercial buildings.
Here, then, is a closer look at the issues:Carried Interestand the AMT
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