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  • theresnobeachhere theresnobeachhere Feb 22, 2013 10:13 PM Flag

    What To Make Of This?

    You on the left bought the whole story. Buyers remorse?

    "In four years, Mr. Obama’s administration has deported as many illegal immigrants as the administration of George W. Bush did in his two terms, largely by embracing, expanding and refining Bush-era programs to find people and send them home. By the end of this year, deportations under Mr. Obama are on track to reach two million, or nearly the same number of deportations in the United States from 1892 to 1997."

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    • And how did Obama let this loophole continue?

      "Second, hedge funds like his take advantage of an incredible income tax loophole called "carried interest." At the time of his rant, Paulson was probably using a federal tax provision that limited most of his income to a 15 percent tax rather than the top rate of 35 percent."

      No economic justification for this at all, but while we're reinstating the 2% payroll tax cut we let carried interest contine.