Thanks hunter. I look forward to catching
up in person
Best
N
From: Hunter Biden
[mailto:hbiden@rosemontseneca.com]
Sent: Friday, August 27, 2010 4:56
PM
To: Nick Rohatyn
Subject: Re: Rosemont Seneca
Dinner Follow-Up
Nick-
Just wanted to let you know I had a recent conversation with a friend
on the Ways and Means staff (Minority) who feels like an extension of the tax
cuts (all of them) for one year may be the likeliest scenario at this point.
The Administration may agree to this if there was something else
stimulative included such as a payroll tax holiday or cut, but given the
prospects on the economy, it will be next to impossible to get moderate Dems in
Congress to support something that could be called a tax hike and they may
choose to delay the decision for a year by extending all of them for that
period of time.
I don't think anyone knows for sure what will happen, but when I heard
this I thought it was interesting and wanted to pass it on.
I understand I'll see you in DC in a couple of weeks. Looking
forward to it.
Let me know if you have any questions and have a good weekend.
Best,
Hunter
R. Hunter Biden
Rosemont Seneca
Partners LLC
202-333-1880
212-933-9965
On Aug 6, 2010, at 6:16 PM, Nick Rohatyn wrote:
Thanks Hunter, that is helpful.
I hear your Dad was spotted on the beach here in
N
From: Hunter Biden
Sent: Fri Aug 06 17:47:04 2010
Subject: Re: Rosemont Seneca
Dinner Follow-Up
Nick-
From everything I hear it is still up for negotiations. The Dems
of course want to extend only the middle class tax cuts and the Republicans
want to extend all of them. At the moment it doesn't seem the Dems have
the votes to just extend the middle class tax cuts, but they do have the
leverage of the fact that if Congress does nothing then nothing gets extended
at all. There are a number of Dems who think that this is an issue they
should really take to Republicans because it goes against many Republicans'
anti-deficit arguments. I have a couple of calls in to some people who
have a better sense on whether there is a compromise out there on this and I'll
let you know what the latest is, but clearly both sides are going to look to
campaign on this in the fall and I think strategy on this will crystallize over
recess.
I know that is nothing definitive, but let me get back to you as I hear
more from the couple of people I have calls into.
Best,
Hunter
R. Hunter Biden
Rosemont Seneca
Partners LLC
202-333-1880
212-933-9965
On Aug 6, 2010, at 10:20 AM, Nick Rohatyn wrote:
Thanks for that, Hunter. On a different
topic, what do you think will ultimately happen on the question of the Bush tax
cuts?
N
Nicolas S. Rohatyn
The Rohatyn Group
212.984.2901
From: Hunter Biden
[mailto:hbiden@rosemontseneca.com]
Sent: Wednesday, August 04, 2010
5:56 PM
To: chris.chafe@cleaneconomycenter.org;
rob@mccord2008.com; rlesniew@nysutmail.org; Loeb Daniel; Kevin.R.Lynch@morganstanleypwm.com;
John.Novogratz@mlp.com; Arlene
Busch; Pedrotty Daniel; Nick Rohatyn; JTargoff@thirdpoint.com;
astanton@rosemontseneca.com
Cc: cheinz@rosemontseneca.com
Subject: Rosemont Seneca Dinner
Follow-Up
All-
Chris and I wanted to reach
out to all of you as a follow up to our dinner a couple of weeks ago. We
both hope that one of the outcomes from our recent dinner will be that we will
all seize the opportunity of the recent introductions to continue the various
lines of discussion we started at dinner. Part of the driving force behind our dinner was the notion that
each of you has a perspective that should be discussed and amplified.
One topic we feel we did not have adequate time to flesh out over the
course of the evening is the pending crisis of unfunded liabilities in public/
Taft Hartley pension programs. It is our belief that legislation alone
will not solve the problem and can only be seen as a temporary fix we will all
pay for later. Following the dinner, we have heard from several of you
individually who have expressed in both broad and specific terms potential
private sector solutions and suggestions for reform. We do not mean to be
presumptuous, but we think a continued conversation that could lead to real and
actionable ideas may benefit those entrusted with their constituents'/ members'
pension dollars. At the very least we will all end up with a better
understanding of each other's unique perspectives on the problem.
In that spirit, we recently saw the following two reports that both
gave interesting perspectives on the issue. One is by the GAO and one is
by Pew - some of you may have your own thoughts on these reports.
We know you are all busy with the work in front of you on a day to day basis,
but if any of you have the time or the inclination we hope that you would share
with the group any specific ideas or refer the group to any particular articles
like the ones above or writings of your own that address the issue. We
know some of you have already begun your own conversations – if we can in any
way facilitate such talks, please let us know. And please feel free to
reply "all" with any thoughts on the subject that you would like to
share with the group. We look forward to another meeting in the near
future.
Best,
Hunter
and Chris
R. Hunter Biden
Rosemont Seneca
Partners LLC
202-333-1880
212-933-9965
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