Political Action Scorecard

I recently received an email from a friend asking for a status report on a couple of the securities and tax law issues that I have been twittering about as they’ve flowed through the political system. Below is a “political action scorecard” on the issues I’ve been following.

IssueStatus
Carried Interest Tax Hike ProposalThis proposal was in the tax extenders bill the Senate couldn’t pass after three tries; it is unclear whether this will be included in another bill.
Temporary Repeal of Capital Gains on QSB StockThis proposal was passed by the House; I am not sure when it may be taken up by the Senate. It may become part of the small business bill to be taken up by the Senate next week.
New S corporation taxesThis proposal was in the tax extenders bill the Senate couldn’t pass; it is unclear whether this will be included in another bill.
Exclusion of primary residence from “accredited investor” definitionI believe this was in the conference committee agreed upon financial regulatory reform bill, but we haven’t seen the actual¬†language yet to confirm.

 

If you have any news to share on the status of these various proposals, please share so that I can update the scorecard.

About Joe Wallin

Joe Wallin focuses on emerging, high growth, and startup companies. Joe frequently represents companies in angel and venture financings, mergers and acquisitions, and other significant business transactions. Joe also represents investors in U.S. businesses, and provides general counsel services for companies from startup to post-public.
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