"Defenders of the carried interest tax break say that the work of hedge fund managers and other investment managers, in raising and allocating capital, makes a vital contribution to the American economy. Eliminating the tax break “would likely inflict large damage on the finance, insurance and commercial real estate sectors, diminish their entrepreneurial talent pool, and harm overall economic efficiency,” claimed Douglas Holtz-Eakin, a former congressional budget director, in apaper for the American Action Forum, a pro-business group led by prominent Republicans, in 2010."
Monday, January 2, 2012
''Eric Cantor has collected $5.8 million from the financial sector in the last dozen years, is a particular champion of the carried interest tax break. His wife is a former Goldman Sachs vice president, and now works as a partner in a Wall Street private equity fund''
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"Defenders of the carried interest tax break say that the work of hedge fund managers and other investment managers, in raising and allocating capital, makes a vital contribution to the American economy. Eliminating the tax break “would likely inflict large damage on the finance, insurance and commercial real estate sectors, diminish their entrepreneurial talent pool, and harm overall economic efficiency,” claimed Douglas Holtz-Eakin, a former congressional budget director, in apaper for the American Action Forum, a pro-business group led by prominent Republicans, in 2010."
"Defenders of the carried interest tax break say that the work of hedge fund managers and other investment managers, in raising and allocating capital, makes a vital contribution to the American economy. Eliminating the tax break “would likely inflict large damage on the finance, insurance and commercial real estate sectors, diminish their entrepreneurial talent pool, and harm overall economic efficiency,” claimed Douglas Holtz-Eakin, a former congressional budget director, in apaper for the American Action Forum, a pro-business group led by prominent Republicans, in 2010."
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