Inflation Reduction Act: 8/12/22 - $740B Bill PASSES, Biden signs it into law!

[CrimsonTider]

GP at a private equity firm

Government just up the score on y’all

 

[NaijaProdigy Redux]

Government just up the score on y’all

To be honest, the proposed carried interest change in the original proposal last week wasn’t as revolutionary as people think.

It didn’t close the loophole. All it did was extend the fund holding period to qualify for carried interest from 3 to 5 years (and the 2017 TCJA increased it from 1 to 3).

Reality is the average fund is held in excess of 5 years anyway and as a result of these discussions people have been contemplating ways to extend the duration of their funds or structure around still getting distributions to GPs at less than the top ordinary tax rate within 5 years

 

[CrimsonTider]

To be honest, the proposed carried interest change in the original proposal last week wasn’t as revolutionary as people think.

It didn’t close the loophole. All it did was extend the fund holding period to qualify for carried interest from 3 to 5 years (and the 2017 TCJA increased it from 1 to 3).

Reality is the average fund is held in excess of 5 years anyway and as a result of these discussions people have been contemplating ways to extend the duration of their funds or structure around still getting distributions to GPs at less than the top ordinary tax rate within 5 years

I get it, still going from 3 to 5 years requires some extra finesse

 

[FAH1223]

To be honest, the proposed carried interest change in the original proposal last week wasn’t as revolutionary as people think.

It didn’t close the loophole. All it did was extend the fund holding period to qualify for carried interest from 3 to 5 years (and the 2017 TCJA increased it from 1 to 3).

Reality is the average fund is held in excess of 5 years anyway and as a result of these discussions people have been contemplating ways to extend the duration of their funds or structure around still getting distributions to GPs at less than the top ordinary tax rate within 5 years

 

[88m3]

@FAH1223 do you support this?

 

[FAH1223]

@FAH1223 do you support this?

Best we can get right now. Pass it ASAP.

 

[acri1]

Best we can get right now. Pass it ASAP.

Yeah they need to hurry up before Manchin or Sinema get a call from the wrong lobbyist

 

[FAH1223]

Yeah they need to hurry up before Manchin or Sinema get a call from the wrong lobbyist

Steny Hoyer announces the House is coming back on August 12th. So, the Senate should get the vote-a-rama and the bill passed early this coming week. Then next weekend the House and then Biden's desk..

 

[FAH1223]

 

[FAH1223]

 

[acri1]

They need to hurry up and finish voting on this.

Trump is saying clown shyt as usual but I'm not sure he won't get Manchin or Sinema to change their minds

 

[☑︎#VoteDemocrat]

 

[FAH1223]

 

[OfTheCross]

 

[FAH1223]

This was the central health care policy of Biden and Dems