Tax Pushbacks - The American Spectator | USA News and Politics
Tax Pushbacks

Congressional Democrats — with some significant Republican help — are trying to raise taxes on carried interest capital gains, viewing hedge fund managers as a promising revenue source. Many conservatives are resisting. Today’s Wall Street Journal reports that some centrist Democrats, fearing unintended consequences and industry opposition, are as well.

This suggests Democratic efforts to raise taxes will have difficulty surviving public scrutiny. Let’s hope this pushback keeps the Bush tax cuts from expiring as well.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link:

Be a Free Market Loving Patriot. Subscribe Today!