In other news from Capitol Hill, Senate Democrats are working to scale back a Wall Street tax increase already approved by the House. The deal will affect the tax rate paid on profits by managers of hedge funds, private-equity funds, venture capital firms and other business. Last month, the House adopted a tax rate of about 35 percent. The Senate is proposing lowering the tax rate to between 31 and 33 percent.
Senate Democrats Scale Back Tax Increase on Wall Street
HeadlineJun 10, 2010