“I want to be engaged in an honorable line of work,” he said before he left the Senate.
He said Hillary Clinton was “ineffective” for not single-handedly passing legislation as a senator.
Venture capitalists are not paying their fair share in taxes.
The carried interest income earned by managers of private partnerships is no different from the year-end bonus a shoe salesman at Nordstrom might receive -- and both should be taxed as ordinary income.
Many Americans who were hurt by the financial crisis want more done to crack down on Wall Street greed and the recklessness that caused it.
Bernie should continue to educate America. He needs to stay in not only to gather more delegates, but also to magnetize more young people to the possibilities of politics.
If Bernie Sanders really wants to be president, adoring segments alone won't get him there. He needs to take the next step: Stuff the wallets of the average voter with refunded special interest subsidies. Don't just rail against the Corruption Tax. Repeal it... and let the rest of us pocket the difference.
I must admit I got it wrong when I predicted a few weeks ago that Perry would stay in the race longer than Jim Gilmore, George Pataki, Lindsey Graham, Rick Santorum, and Bobby Jindal. But that doesn't mean we can't have some fun betting who will drop out next!
Because of something called carried interest, the top 25 hedge fund mangers paid a lower tax rate than the average kindergarten teacher in 2014. Billionaire hedge fund managers don't need a tax break, and there is no reason this loophole should exist.
It is time that anyone running to be POTUS does more than lip service to one of the most egregious tax evasion schemes and one of the biggest contributors to the 1 percent stealing from the 99 percent.
A live stream of Hedge Fund Billionaires vs. Kindergarten Teachers: Whose Side Are You On?, a new video from Brave New Films on the carried interest tax loophole. A screening of this film will take place at Pace University in New York City on Thursday, September 10 at 4:30 p.m.
Democrats are doing one of two things, and neither one of them is very impressive. Democratic candidates are either so scared of being called a tax-raiser by Republicans that they do not support changing the problem at all, or they are secretly for changing it but don't want to say it.
Candidate Clinton and other advocates will claim taxing carried interest improves the economy. Unfortunately, it won't. A key principle of taxation is efficiency. Taxing capital differently across sectors and business forms means that taxes are driving business decisions.
IL Governor Rauner's Pal Made $625,000 Per Hour Last Year and Then Gave $10 Million to Rauner Campaign to Attack Unions and Cut Worker Pay
The New York Times reported yesterday that Illinois Governor Bruce Rauner's chief political backer, Ken Griffin, made $1.3 billion last year as manager of the hedge fund Citadel Capital. Griffin made as much personally as 26,000 average Americans making the median wage.
Wealthy fund managers employ an army of tax advisors to make sure they do not miss any opportunity to get a tax break. As Warren Buffett pointed out, the mega rich already pay a lower tax rate on their incomes than the average worker.
These giveaways could be called "corruption taxes." The definition of a "corruption tax" is a transfer of wealth to the very rich that no honest congressperson would support if campaigns were publicly financed.
And at state and local levels, while the poorest fifth of Americans pay an average tax rate of over 11 percent, the richest one percent of the country pay -- are you ready for this? -- half that rate.
The result of the Republican budget would be opportunity only for those who already have money. So, of course, the GOP had to try to kill a budget conceived under the proposition of opportunity for everyone.