Hillary Clinton condemns private equity tax break

WASHINGTON (Reuters) - New York Sen. Hillary Clinton, the front-running Democratic presidential candidate, on Friday called for closing a loophole that she said unfairly lowers the tax burden of a few top Wall Street financiers.

Clinton called the loophole a "glaring inequity" and joined other lawmakers in a push to raise the tax rate on "carried interest" gains made by senior partners in the booming private equity and hedge fund businesses.

"It offends our values as a nation when an investment manager making $50 million can pay a lower tax rate on her earned income than a teacher making $50,000 pays on her income," said Clinton in a campaign statement.

"As president I will reform our tax code to ensure that the carried interest earned by some multimillionaire Wall Street managers is recognized for what it is: ordinary income that should be taxed at ordinary income tax rates."

http://www.reuters.com/article/politicsNews/idUSN1339356720070713

what about her talking to Edwards???? :silly:

:rofl:

And just look how much time people have made of this non story. Talk about Fox news getting over on so called intelligent people.

And to think that only "old", "uneducated" and "unhip" people support Hillary!