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House Ways and Means Committee Chairman Levin says he does not plan to make any significant changes to the tax extenders bill (H.R. 4213) coming to the House floor despite opposition from members of his own party. “We've already worked hard to balance all of the needs here,” Levin says. Meanwhile, Treasury officials are studying how best to provide guidance if H.R. 4213 is enacted to change the tax treatment of carried interest, says Robert Crnkovich, senior counsel in the Treasury's Office of Tax Legislative Counsel.
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