Private-equity tax said to be alive in House

The private-equity tax hike proposal will not go gentle into that good night, according to The New York Post. Senate Majority Leader Harry Reid of Nevada said that the tax hike would probably be pushed to the Senate’s back burner this year, The Washington Post reported. But proposals that would raise taxes on private-equity managers and their ilk are still alive and kicking in the House of Representatives and may be attached to a bill meant to amend the Alternative Minimum Tax, lobbyists and industry watchers told the Post. Such a proposal would call for these fund managers to pay the income tax rate of up to 35% on the profits they get from investments, as opposed to the capital gains tax of 15%.