Baucus, Levin Confident Carried Interest Changes Will Clear Chambers

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The chairmen of both of Congress's tax-writing committees say negotiations over the annual tax extenders package have progressed to a point where a change in the tax treatment of carried interest can win passage. House Ways and Means Committee Chairman Levin tells reporters he expects to complete the drafting of the legislation and bring it to the House Rules Committee today, setting up the chamber for a vote on the tax extenders package (H.R. 4213) Friday. Majority Leader Hoyer confirms that the House will be in session Friday and plans to finish the bill before the weekend.