Loopholes are generally not accidental oversights by legislators. No, they are usually more accurately called "kickbacks," tossing money and/or power back to those who were so kind to provide major campaign support.
The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.
For chief executive Stephen Schwarzman, running the private equity firm Blackstone Group has proven enormously lucrative, bringing him nearly $140 mil...
How can we continue to allow gazillionaires to pay only a 15 percent tax rate on the profit share ("carried interest") they get paid to manage hedge and private equity funds?
No. But there are several interesting elements, particularly among the combined $1.6 trillion in new tax revenue. Obama has spent most of the past ...
NEW YORK -- It was Oct. 26, 2011, eons ago in political time. Newt Gingrich was beginning his climb in the polls. With Republicans divided, nobody was...
WASHINGTON -- Mitt Romney saved about $$850,000 on his 2011 taxes, thanks to the Republican presidential candidate's controversial retirement package ...
In that crowd of wealthy donors at Marc Leder's Boca Raton sex palace listening to Mitt Romney blast Americans who don't pay income taxes, there were probably a few people who didn't pay income taxes.
It's already pretty easy to be mad at the super-low tax rates paid by private-equity executives. But here's another reason, maybe, to shake our fists at them: They hate America.
Politicians required to play by the rules, to openly confess that their loyalty has been purchased and forced to identify the highest bidders, could not possibly survive. So they must bend the rules to conceal their transactions. In doing in democracy, their safety is in secrecy, and we must be kept in the dark.
Once better known for its hard-hatted miners and conservative brewing moguls, Colorado's economy has in recent years acquired some new mascots: the li...
A generation ago, leaders in business, government and labor all understood that national prosperity depends on a vibrant middle class growing from the bottom up. Corporate responsibility should flow equally to investors and workers.
Uncle Sam seems to be gearing up to take more tax dollars from Mitt Romney and his brothers in the private-equity fraternity. The Internal Revenue ...
To release his 2010 and 2009 returns would raise the real possibility that he committed voter fraud. And, we all know how deeply concerned Republicans are about voter fraud, don't we?
WASHINGTON -- A tax dodge that millionaire hedge fund managers use to slash their income taxes could soon become a major election issue, as congressio...
Over at Business Insider, Linette Lopez catches 2012 presidential aspirant Mitt Romney on CNBC, sending messages on one of his favorite tax-breaks-for...
How much did private equity chief Stephen Schwarzman make last year? Depends who you ask. The Wall Street Journal and Reuters both reported that S...
WASHINGTON -- One thing's for certain about most of the biggest donors bankrolling the main pro-Mitt Romney super PAC: They are canny investors. Pr...
Part of the tax proposal announced by the Obama administration on Wednesday would shut down a controversial loophole that allows hedge fund managers a...
WASHINGTON -- In a Jan. 23 debate in Tampa, Fla., former Massachusetts Gov. Mitt Romney directed a pointed attack at former Speaker of the House Newt ...
Romney now says big government is anti-American but he wasn't shy about feeding on the federal trough when he got the chance. As a self-described "c...
Carried interest is not now and it never will be deserving of being taxed as a capital gain, since there is no risk to the money manager and only upside potential.
WASHINGTON -- During the first three months of 2011 employees of JPMorgan Chase piled in campaign contributions to the campaign committee of Sen. Mark...
UPDATE, Oct. 13: SIGA Technologies announced Wednesday that a lucrative contract with the U.S. Department of Health and Human Services is expected to ...
The Senate will not approve a bill to reauthorize several expired domestic aid programs, including extended jobless benefits for the long-term unemplo...
