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Is the Stock by Back Tax a Good Tax Policy?
The stock by back tax is not a great tax policy, but it's better than what the alternatives probably were. The carried interest deduction change was only going to um raise about 14 billion dollars t the real need for the stock byback tax came from the carvouts to the minimum tax. I think there's not a tax policy person alive who thinks that clawing back carried interests would be a good thing. Or there isn't a tax policy professional alive who we all want o cit we all want to claw back the carried interest deduction. It is one of those those few provisions that i think everybody basically agrees is a ole.