With No Change In White House, PE's Tax Battle Shifts To Hill

Law360, New York (November 6, 2012, 12:00 AM EST) -- While President Barack Obama's re-election Tuesday hobbles efforts to protect tax perks and roll back regulation, experts say the more immediate threat to the private equity industry's bottom line comes from Congress, where gridlock likely spells tax hikes and deep funding cuts that will pinch profits.

With no change at the White House, all eyes turn now to the Hill, where a lame-duck Congress will have one last chance to avoid the so-called fiscal cliff, a double whammy of tax increases and spending hacks that attorneys...
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