Congress Grills Experts On Capital Gains Tax Reform

Law360, New York (September 20, 2012, 7:33 PM EDT) -- Attorneys and trade group officials from across the financial services and private fund industry were pumped by congressional leaders in a hearing Thursday about capital gains tax reform, with several arguing that capital gains should be taxed at a rate similar to income.

The hearing, before the U.S. Senate Committee on Finance and the U.S. House Committee on Ways and Means, featured Bingham McCutchen LLP Partner David H. Brockway, a former Congressional chief of staff who was instrumental in crafting the Tax Reform Act of 1986,...
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