A day after Democratic presidential hopeful Sen. Barack Obama
came out in support of heavier taxation of hedge fund and private equity
managers, his chief rival for the nomination, Sen. Hillary Clinton, jumped on
the bandwagon, too. On Friday Clinton told supporters in New Hampshire she is
backing legislation on Capitol Hill that would increase taxes that operators
of private equity funds, hedge funds and other investment partnerships pay on
"carried interest" — the share of investment profits retained by managers of
the investment funds. Clinton and Obama join Democratic presidential
candidates John Edwards and Rep. Dennis Kucinich in raising concerns about the
hefty salaries. —Ron Orol
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related story about congressional tax plan from TheDeal.com
Tags: politics, hillary+clinton, democrats, barrack+obama, democrat, president
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