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Comment Letters

PEC testimony before the House Ways and Means Committee

Testimony of Bruce Rosenblum Chairman of the Board, The Private Equity Council The Committee on Ways and Means United States House of Representatives Washington, DC Mr. Chairman and members of the…

Taxes on private equity partners are equitable, fair, Private Equity Council chairman tells Congress

WASHINGTON, DC, September 6, 2007 — The investment profits of private equity firms are fairly taxed as long-term capital gains because private equity partners act as owners, not employees;…

Private equity strengthens American companies with capabilities, clarity, culture and capital

WASHINGTON, DC, September 5, 2007 — Three iconic American companies — quick-service legend Burger King, financial software innovator SunGard and automotive parts pioneer AutoZone —…
Comment Letters

PEC testimony before the Senate Finance Committee

Testimony of Bruce Rosenblum Chairman of the Board, The Private Equity Council Before the Senate Finance Committee Washington, DC July 31, 2007 Mr. Chairman and members of the Committee, I am…

Raising taxes on private equity investments could hurt U.S. companies and competitiveness, PEC tells Congress

WASHINGTON, DC, July 31, 2007 — Raising taxes on the private equity investment industry by 130 percent could reduce investments in companies, lower returns for pension funds and other investors…

New Private Equity Council white paper details PE’s role in driving economic growth and investment

WASHINGTON, DC, July 11, 2007 — Private equity is an integral part of the American economy that significantly strengthens companies and contributes hundreds of billions of dollars in profits to…
Comment Letters

Private Equity and Carried Interest – House

Raising Taxes on Private Equity: Anti-Growth, Anti-Competitive, Anti-Capital Legislation approved November 9, 2007 by the House of Representatives would impose a 130% tax increase on private equity…
Comment Letters

Private Equity and Publicly-Traded Partnerships – S 1624

In A Nutshell – The Case Against S. 1624 S. 1624 is discriminatory. It would prevent private equity firms from becoming publicly traded partnerships (PTPs) while allowing more than 100 other PTPs,…

Private Equity Council will oppose legislation that discourages U.S. PE firms from going public

WASHINGTON, DC, June 21, 2007 — The Private Equity Council today announced its opposition to legislation introduced last week by Sens. Max Baucus (D-Montana) and Charles Grassley (R-Iowa) that…

Private equity builds strong companies, contributes billions to American economy

WASHINGTON, DC, May 16, 2007 – The private equity industry makes substantial contributions to the American economy by building strong, financially secure companies and delivering superior investment…
Comment Letters

PEC testimony before House Financial Services Committee

Testimony of Douglas Lowenstein – President, the Private Equity Council Before the House Financial Services Committee, Washington, D.C. May 16, 2007 Mr. Chairman and members of the committee: Good…
Carried Interest

Private Equity and the Treatment of Carried Interest: An Overview

Carried Interest: What It Is A critical component of the American economic system is the principle that those who create value by their work should be rewarded. Carried interest is just another name…

PEC Statement: SEIU’s “Behind the Buyouts”

Statement By Douglas Lowenstein, President Private Equity Council on SEIU’s “Behind the Buyouts” Study Washington, DC – April 24, 2007 – The following statement should be attributed to Douglas…

Private Equity Council is formed to provide research and information

Douglas Lowenstein to serve as president Washington, DC – December 26, 2006 Leading private equity firms today announced the formation of the Private Equity Council (PEC), a Washington, DC-based…