Lewis Black "Rants" Against Henry Kravis, Takeover Giant

Henry Kravis is giving Steve Schwarzman a run for his money -- at least when it comes to public vilification.

Henry KravisThe Service Employees International Union and MoveOn.Org have made Mr. Kravis the Dr. Evil of a new crusade to raise the tax rate on carried interest. Carried interest, which refers to the cut that private-equity partners make from profitable deals, is taxed at 15% rather than at the usual income-tax rate. A proposal was floated in Congress last year to raise the rate, but the effort hasn't resulted in any changes.

Read the whole story here.

Comments

[JScott]

Mr. Black conveniently leaves out the part about profits from KKR deals also going to worker pension funds.

And the WSJ conveniently leaves out the KKR wants to STILL clear cut the Headwaters Redwood Forest in N. Calif if they haven't already.

And that those worker pension funds are all pretty much in the dark about KKR's activities which KKR likes, damn if they found out and became 'activist share/stakeholders'

And what about all those pension funds that were raided by folks like Kravis-answer us that WSJ.

[Soulsurfer]

According to the bloggers on the WSJ page, taxing these guys at the standard income rate would wreck the economy, and smart guys like them are responsible for creating our jobs, and should be admired instead of mocked. Hmmmm, sounds like we should get our priorities in order.

[ErnestineBass]

"They" certainly have their priorities in order...

[argeec]

So Henry Kravis saves $200 million per year on his taxes and he gives $10 million to the Democratic congressional campaign committees and nothing changes.
Henry is happy, Democrats in congress are happy.
The Iraq war continues to be funded.
Business as usual.

[ErnestineBass]

Term limits.

Public funding of ALL campaigns.

FREE broadcast airtime for debates.

Outlaw ALL 527 organizations.

Outlaw lobbyists.

[protagonia]

Shake that face, Louis!

[darthdarcy]

Give'em Hell Lewis..!

[Vyvjala]

Black would make a good democratic VP...........................

[WIpatriot]

Press Secretary

[jukesgrrl]

How do I love, thee, Lewis Black. Let me count the ways ...

[ErnestineBass]

The queue to marry "The Angriest Man In America" forms right behind me, grrlie!

heh heh

[ICanHasDemocracy]

just watch out for potential aneurysms!