World-News

Pat Garofalo, ThinkProgress: 'During the negotiations regarding raising the nation s debt ceiling, congressional Republicans have gone to the mat to defend all manner of unwarranted tax breaks, including those for oil companies and corporate jet owners. Despite the drain on the Treasury caused by these tax breaks - and the negligible benefit they provide - Republicans have threatened to allow the nation to default on its obligations rather than abandon them. One of the tax breaks upon which President Obama has focused is a provision that allows hedge fund managers - who make billions annually - to receive a substantial tax break.'

http://www.truth-out.org/closing-hedge-fund-manager-tax-loophole-would-raise-four-billion-annually-25-richest-managers/130997



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