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karynnj

(60,077 posts)
4. He was mentioned in one article and he had actually supported getting rid of part of the preference
Thu Jan 26, 2012, 04:16 PM
Jan 2012

One of Mr. Kerry's aides said that he supported a 2010 bill from Mr. Baucus that would treat 75% of carried interest as ordinary income.

Mr. Schumer's and Mr. Baucus' offices didn't respond to requests for comment.

“Sen. Kerry has worked to close the carried-interest loophole in a way that's fair and which avoids unintended harm to housing or innovation,” Jodi Seth, a spokeswoman for Mr. Kerry, wrote in an e-mail. “This problem exists because of the large differential between the capital gains rate and the top income tax rate.”

Most observers said that any changes in carried interest will have to wait until that broader tax reform debate begins after the election.


http://www.investmentnews.com/article/20120122/REG/301229983


Seeing the Romney information, I agree more with the position you held earlier. He, in no way had anything at risk. There is no reason to think that Bain Capital would have done less if they didn't have this tax break. (Not to mention it's not clear there was a societal good to what they did.

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