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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (150398)	5/2/2011 6:13:44 AM
From: Ed Ajootian	Respond to of 206084

Peter, I believe the energy MLPs would get hit pretty hard if this happened, down 20-40%. If memory serves that is what happened to the Canadian trusts when they became taxable up there. Thanks for sharing this article, I was not aware this was being discussed.

To: Peter van Steennis who wrote (150398)	5/3/2011 11:37:33 AM
From: Brumar89	Respond to of 206084

No way would this be applied to law firms and hedge funds ... they have too much political clout. Royalty trusts, energy infrastructure (pipeline) mlp's - darn it, I could see them doing that. Unfortunately as I have some money in some.

To: Peter van Steennis who wrote (150398)	5/3/2011 1:32:56 PM
From: Dennis Roth	2 Recommendations Read Replies (1) \| Respond to of 206084

Credit Suisse on Proposal to Tax Pass Through Entities Proposal to Tax Pass Through Entities Not Likely to Gain Traction Research Analysts Yves Siegel, CFA Joseph A. Siano, CFA Elvira Scotto, CFA Proposal to Tax Pass Through Entities: The National Association of Publicly Traded Partnerships (the lobby group for MLPs) has informed its members that the Obama Administration is working on a proposal to tax pass-through entities. We checked with our DC Policy Group and they said this is not new and it is too late for any proposal to gain traction in the near term. Our Key Takeaways: 1) Any tax reform is unlikely until 2013 and at this juncture still we view taxation of MLPs as a low probability. 2) There are more pressing issues that have to be tackled. These are the debt ceiling and then the budget. 3) After these two issues are tackled we are likely to be in the fall and all attention will be focused on the 2012 election. We See Headline Risk but No Substance at this Juncture: To be clear, this is not an issue that is being taken lightly by the MLP lobby group. They continue to actively engage and inform Congress on the vital role that energy MLPs provide in building and maintaining US infrastructure. This in turn means US jobs.