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Mr. Higher-Tax-on-Carried-Interest Goes to Washington

  • Victor Fleischer’s paper put private-equity pay in crosshairs
  • New role with Senate Finance panel signals Democrats’ plans

He made his name in academia by criticizing a lucrative tax break for private-equity managers. Now Victor Fleischer is taking his anti-loophole thinking to Washington.

Fleischer will serve as a formal adviser to Democrats on the powerful Senate Finance Committee, a perch from which he says he’ll seek ways to close the so-called “carried interest” loophole -- and to curb other tax benefits.