Carried Interest Taxation

John M. Berry, a columnist for Bloomberg.com, has picked up on the calls by the CBO for Congress to examine eliminating the preferential tax rate on long-term capital gains.  You might recall that NYT columnist Paul Krugman proposed a similar answer to the carried interest debate last week.    We will continue to monitor this issue to see if it resonates with lawmakers.  Of course, any such proposal would greatly dwarf the current legislation aimed only at private equity carried interests.