If the MLP flotilla goes down... I'd like to go down with the flagship. Wish me luck.
I'm a tax guy... and I haven't seen anything substantial on eliminating the tax deferred nature of MLP's . If I'm right, MLP's will get a nice bounce once this fiscal mess is resolved and investors realize that MLP's offer one of the best ways to obtain yield on a tax deferred basis.
Of course, you never know what goes on behind closed doors
I'm also a tax guy and don't expect to see any changes regarding the tax treatment of MLP's. The killer is when you sell the investment and the cumulative recognition of past distributions as ordinary income. Best to keep these things for the kids and get the stepped up basis. They get to start the process all over again.