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Reply #14: He has said he will close the "carried interest" loophole [View All]

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Earth Bound Misfit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-27-08 12:07 PM
Response to Reply #11
14. He has said he will close the "carried interest" loophole
http://obama.3cdn.net/b7be3b7cd08e587dca_v852mv8ja.pdf

A COMMITMENT TO FISCAL RESPONSIBILITY

Barack Obama’s plan will provide $80-85 billion in tax relief to America’s workers, seniors, and
homeowners. Unlike President Bush, whose fiscally irresponsible tax cuts that traded the budget
surpluses of the 1990s to record deficits today, Obama has a plan to pay for his tax reform plan. In addition to closing the corporate loopholes and cracking down on international tax havens, he will pay for middle class tax relief by and increasing the highest bracket for capital gains and dividends and closing the carried interest loophole.
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