Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Thu Sep 09 12:40:34 +0000 2021

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Judd Legum @JuddLegum

4. Closing the loophole would mean billionaire private equity managers would pay a rate of about 39% instead of 23%. The @USChamber study says, as a result, there would be about 20% less private equity activity. This makes no sense. https://t.co/l7Qo1nXKVZ — PolitiTweet.org

Posted Sept. 9, 2021 Hibernated

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Judd Legum @JuddLegum

3. On the surface, the claim is ludicrous. Why would taxing private equity managers at a higher rate cost even one job, much less 4.9 MILLION, equivalent to every job in the state of Georgia? But when you dig into the details it gets even worse. https://t.co/l7Qo1nXKVZ — PolitiTweet.org

Posted Sept. 9, 2021 Hibernated

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Judd Legum @JuddLegum

5. Why would private equity managers pass on profitable deals because of a higher tax rate? Then the study assumes that 20% of businesses that get PE funding will not get it, not find alternative funding, and go out of business https://t.co/l7Qo1nXKVZ — PolitiTweet.org

Posted Sept. 9, 2021 Hibernated