We Don't Care If We Get Any Revenue - The American Spectator | USA News and Politics
We Don’t Care If We Get Any Revenue
by

Tax increases for private equity firms have become the favorite populist pander tax proposal for Democrats. A new study showing that efforts to treat carried interest as ordinary income wouldn’t generate much new revenue. Will this dissuade Democratic lawmakers and presidential candidates from pushing this? Likely not, according to Charlie Rangel’s spokesman. CBO already told them this and now Professor Michael Knoll’s study corroborate what many conservatives have argued: firms will restructure and work around new legislation. But these issues have long since ceased to be about revenue but rather are tools in the class envy wars. Expect Rangel, not to mention the Democratic hopefuls, to keep banging the drum on this one.

Sign up to receive our latest updates! Register


By submitting this form, you are consenting to receive marketing emails from: The American Spectator, 122 S Royal Street, Alexandria, VA, 22314, http://spectator.org. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Be a Free Market Loving Patriot. Subscribe Today!