“. . . keep in mind that some of the strongest opponents of this measure in both houses of Congress will be those from a place like New York (i.e., Democrats) where investment banking is a huge industry and a major employer.”
This is why I believe it is a nonstarter. The same holds true for “carried interest.” The Wall Street bankers, Buffett, Soros, and their toad Schumer are not going to allow any revenue enhancing measure to get into their pockets. This proposal is a diversion to get the conservatives and Republicans fighting something the Dems will never allow to pass anyway.