- Associated Press: Paulson Opposes Blackstone Tax, by Joe Bel Bruno
- Bloomberg: Paulson Warns of "Unintended" Fallout in Taxing Funds, by Ryan J. Donmoyer & Kevin Carmichael
- Press Release: Sens. Baucus & Grassley
- Thomson: SEC Chairman Urges Congress to be Cautious on Private Equity Legislation
- Wall Street Journal: New Alliance in Tax-Bill Fight; House Republicans, Wall Street Lobbyists Join to Block Increase, by Brody Mullins
- Wall Street Journal Video: Taxing Private Money Interest
- White House: Press Briefing (excerpt below the fold)
Q Tony, could I go back to the hedge fund question of this morning, briefly? You said — your response was this administration is not predisposed to a tax increase.
MR. SNOW: Right.
Q Is that predicated on the fact that it would hurt capital formation —
MR. SNOW: Again, I’m not — I was not addressing specifically — I gave you a very general answer for a reason. We’re going to take a look at what Democrats have to offer. As you know, we already have a couple of veto threats out on that energy bill. We’ll take a look at tax provisions, as well, but I’m not going to get into that —
Q There is a Ways and Means bill that would raise those tax rates to as much as 35 percent — from 15 percent now. Does your general comment apply to that —
MR. SNOW: Again, I’m not going to give you — I gave you a very general comment. Let’s see what the House does and then we will give you a specific comment.
Q But you’re not inclined to be in favor of any tax increases?
MR. SNOW: We’re not inclined to be in favor of tax increases.
