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Kevin Hern: “Currently these financiers are claiming capital gains…”

Featuring: Kevin Hern, Republican | U.S. House Oklahoma, 1st Congressional District

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Hern Asks Sec. Bessent About Manufacturing Facility Expensing & Third Party Litigation Financing

Published | Video Starts at 04:29

And then one final question. I have significant concerns on third party financing of litigation in the United States, particularly regarding the tax treatment of these profits derived from it. And Currently these financiers are claiming capital gains treatment and is and best highly questionable that unadjudicated claims of harm constitute capital assets. This activity is distorting our judicial system and turning our court system into a casino. And I really love for your team at the IRS to work with me and look into how we have this tax treatment of this practice. (04:29–04:41)

CLAIM

Asserts that financiers claim capital gains treatment for unadjudicated claims, which is questionable.

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