Critics have renewed their calls to tax the carried interest as ordinary income. Unfortunately, the populist rhetoric used by some critics can obscure the facts about how carried interest is actually taxed.

A provision to increase the tax on carried interest is currently under consideration in Congress, but the effects of such a change should be examined in closer detail before it goes into effect.

Congress might increase taxes on the carried interest received by managers of private equity funds, hedge funds, and real estate funds. This tax increase is unjustified.

The proper treatment of carried interest depends upon a number of unresolved economic issues.

Obama's decision to campaign -- er, conduct official business -- on university campuses last week was not surprising. According to exit polls, there was no surge of young voters in 2008.

On these quite intensive days for Government and the Parliament we deem it relevant and appropriate to reflect upon the issue of competition. This word has been frequently abused and idolized as the goal of any market process instead of being considered an instrument, a process regulated for the benefit...

Earlier this year, an article by Victor Fleischer, a professor now at the University of Illinois College of Law, helped turn a technical aspect of partnership taxation into the most contentious tax policy issue of 2007. Members of Congress, the George W. Bush administration, the 2008 presidential candidates, academic commentators,...

The proposal to deny capital gains tax treatment to owners of investment partnerships threatens to turn the tables on decades of business tax law and practice, penalize more than a million entrepreneurs, and further stall the country's economic recovery.