According to HedgeCo.net – President Barack Obama, in his weekly address, suggested that hedge funds and oil companies should pick up the slack with a tax hike in order to cut the deficit. Obama’s proposal would raise hedge fund manager’s taxes by up to $21 billion, according to an estimation by MSNBC.
“If we choose to keep those tax breaks for millionaires and billionaires, or for hedge fund managers and corporate jet owners, or for oil and gas companies pulling in huge profits without our help – then we’ll have to make even deeper cuts somewhere else.” Obama said on Saturday...
Read more at http://www.hedgeco.net/news/07/2011/obama-health-and-education-more-important-than-oil-and-hedge-funds.html
No comments:
Post a Comment