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The carried interest loophole survives again

26 点作者 tldrthelaw将近 3 年前

6 条评论

JKCalhoun将近 3 年前
When lobbyists push to reduce the tax burdens of equity firms it is implicitly putting a larger tax burden on the rest of us. I suppose someone that thinks equity firms are overburdened with taxes are probably okay with that.
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seaourfreed将近 3 年前
Congress sells out to corporations &#x2F; wealthy &#x2F; lobbyists. Congress represents them instead of US citizens, anytime they can rig the economy.<p>86% of all federal taxes are paid by workers. 12% of all federal taxes = business taxes + capital gains. It used to be 50% by workers in 70 years ago. Congress sells out to redirect wealth to who they represent: wealthy &#x2F; big corporations &#x2F; lobbyists. Above numbers comes from US gov (congressional budget office) on breakdown of tax revenues.
cainxinth将近 3 年前
Kyrsten Sinema was bought and paid for by private equity special interests to prevent the Dems from raising taxes on their management fees… and they got exactly what they wanted.
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mupuff1234将近 3 年前
It&#x27;s a shame we live in a world where loyalty to the party is more important than loyalty to the public.<p>You would&#x27;ve hoped that a single republican would step in and agree to vote yes instead of Kyrsten Sinema in order to eliminate the loophole, but that just seems like an unimaginable scenario in today&#x27;s politics.
jmyeet将近 3 年前
There are several lessons to draw from this:<p>1. Yes, Kyrsten Sinema is the current villain but in truth, she was probably doing it as a favor to Chuck Schumer. Schumer is the Senator from Wall Street. Money coming from Wall Street is why he is majority leader;<p>2. It&#x27;s surprising how cheaply politicians can be bought;<p>3. While Sinema is the villain here, you should know there is always a rotating villain in the Democratic Party. Today it&#x27;s Sinema. A month ago it was Manchin. In Obama&#x27;s first term it was Joe Lieberman. This isn&#x27;t an individual problem. It&#x27;s a systemic problem. That&#x27;s because the Demoratic Party operates as a controlled opposition party, not a governing party. The job of the Democratic Party is simply to fundraise off of how awful the Republicans are without actually having to do anything. I mean how many fundraising texts and emails were sent when the Dobbs decision was handed down?<p>4. Legislative bodies have a position called the whip. The job of the whip is to whip votes, meaning getting votes and getting an accurate count of votes. The Republican Party is very good at whipping votes. You see this with those who voted to impeach Trump getting primaried. A great example was Madison Cawthorn. This is a long and fascinating story but he came out of Kevin McCarthy&#x27;s office looking like he&#x27;d been physically beaten. The Democrats need to emulate this particular aspect of the Republican Party but, as stated above, the reason they don&#x27;t is the Democratic Party is happy being the controlled opposition party.<p>In the same situation, the GOP would absolutely primary both Manchin and Sinema when they were up for reelection.
Overtonwindow将近 3 年前
Will the U.S. ever seriously consider a VAT? It has always struck me as asinine to tax income, rather than consumption.
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