Trustee Election
These are the original issues in this subcategory
  • PRIVATE EQUITY FUNDS
  • FINANCIAL TRANSACTION TAX
  • CORPORATE WELFARE
Winning Issue » PRIVATE EQUITY FUNDS


Private equity funds are private investment vehicles used to pool investment capital that is usually provided by a small group of limited partners. Critics claim the managers of these investment pools buy targeted companies, cut some jobs and offshore others, pile on debt and walk away with huge profits that are hardly taxed. Supporters claim these funds create jobs and value which benefit many pension funds, university endowments and other investment pools that serve ordinary people. They say that some equity funds make long-term investments in the firms they buy to produce better, more efficient companies. Equity funds are subject to favorable regulatory treatment in most jurisdictions from which they are managed and this allows them to minimize the tax burden on their investors and managers. The income from private equity funds is considered and taxed as a capital gain rather than as normal income. The maximum tax rate for capital gains is 20%, compared to the 39.6% marginal income tax rate that an average person must pay. Critics say private equity managers are using a loophole to avoid paying their fair taxes on what is actually a salary. They claim this is costing our Treasury many millions each year. Equity fund supporters say that altering the tax treatment of a single industry raises tax policy concerns, and that changing the way partnerships in general are taxed is something that should only be done after careful consideration of the potential impact.


Pending Legislation: None




Options


  • I oppose reforming private equity fund taxation policy, and also wish to donate resources to the campaign committee of either Rep. Paul Ryan or Sen. Mitch McConnell
  • I support private equity fund managers paying marginal income tax rates rather than capital gains tax rates on their income, and wish to either reintroduce H.R.1935 - To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services (111th Congress 2009-2010), or a similar version thereof, and also wish to donate resources to the campaign committee of Sen. Carl Levin (MI) or to an advocate group currently working with this issue


Winning Option
  • I support private equity fund managers paying marginal income tax rates rather than capital gains tax rates on their income, and wish to either reintroduce H.R.1935 - To amend the Internal Revenue Code of 1986 to provide for the treatment of partnership interests held by partners providing services (111th Congress 2009-2010), or a similar version thereof, and also wish to donate resources to the campaign committee of Sen. Carl Levin (MI) or to an advocate group currently working with this issue
There has been $0.00 pledged in support of this issue
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Trustee Election - Opening Date
February 27, 2020
Trustee Election - Closing Date
March 4, 2020