"OBAMA CHALLENGES HEDGE FUNDS"
Barack Obama is the number one recipient of hedge fund money in the '08 campaign for president. Yet even Obama is aghast at his party's decision, under intense lobbying pressure, to exempt these lucrative firms from paying their fair share in taxes, as reported today in the Washington Post. UPDATE: Edwards chimes in.
UPDATE II: Hedge fund tax comes up in GOP debate on economy this afternoon. Rudy Giuliani's response: "The market is a wonderful thing." Ron Paul counters: "This is not the consequence of free markets. It's a transfer of wealth from the poor and middle-income to the wealthy."
Labels: barack obama