MarketWatch
Feb. 4, 2013
Take that, hedge-fund managers.
President Barack Obama, building on White House warnings issued last week, on Sunday made it plain that he’s got carried interest in his sights as a revenue raiser. It’s an official shot across the bow of hedge-fund managers and the private equity industry and a political base-pleaser for someone who ran a campaign on taxing the wealthy...
Steve Bell, who directs the Economic Policy Project at the Bipartisan Policy Center, said that raising taxes on carried interest would face an uphill slog in the Republican-controlled House because of the GOP’s anti-tax stance. But he added that there’s a possibility Republicans could accept it if an alternative to the automatic cuts known as the sequester emerges.
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