let s go to jim on the whole question politics and economics. it seems to me that the republicans particularly mcconnell, he s so tough there. he s saying basically, not only can you raise the tax rates, not only can you not extend them, go after the bush tax cuts for the wealthy, better start plugging loopholes. no new net increase. what kind of position is a $1.7 trillion deficit. business would do cost cutting, any business would do revenue side. when i was a hedge fund manager, i paid on my gains, i paid an ordinary income rate. now you get to pay at a capital gains rate. it s ridiculous. if you want to be a progressive democrat, go after people paying 15% on their salary and pay ordinary income just like everybody else. this is not a loophole, it s the way it should be. everyone in the hedge fund game is laughing their laughing their heads off knowing they re going to get away with this. seems to me you guys who gets blame?
mcconnell, he s so tough there. he s saying basically, not only can you raise the tax rates, not only can you not extend them, go after the bush tax cuts for the wealthy, better start plugging loopholes. no new net increase. what kind of position is a $1.7 trillion deficit. business would do cost cutting, any business would do revenue side. when i was a hedge fund manager, i paid on my gains, i paid an ordinary income rate. now you get to pay at a capital gains rate. it s ridiculous. if you want to be a progressive democrat, go after people paying 15% on their salary and pay ordinary income just like everybody else. this is not a loophole, it s the way it should be. everyone in the hedge fund game is laughing their laughing their heads off knowing they re going to get away with this. seems to me you guys who gets blame? this is the mcclatchy-mcclatchy