Following up on Monday's post, Taxing Carried Interest As Ordinary Income Through Executive Action:Related:
Daniel Hemel (Chicago), The President’s Power To Tax Doesn’t Stop at Carried Interest:
So why is the Obama administration waiting around for a do-nothing Congress to act? The Cornell article runs through several potential explanations. One such explanation focuses on the political cost/benefit structure of revenue-raising. ... Another factor at play is PAYGO, the rule that tax cuts and entitlement expansions must be “revenue neutral.”...MORE
"NYT Says The President Can Unilaterally End The Carried Interest Loophole".