Matt Taibbi at Rolling Stone: Obscene Tax Break Survives Again

[gristy]

Posted: October 2, 2010 9:54 A.M. EDT | By Matt Taibbi
Obscene Tax Break Survives Again

Once again a key piece of news has passed virtually without comment.

While the entire nation argues over nonsense like the WTC Mosque, Rick Sanchez, and, yes, blue-red culture war stuff like the Tea Party, congress yesterday quietly took a knee on the “carried interest” tax question. In doing so they decided not to take a vote on changes already approved by both houses that would scale back perhaps the most preposterous tax break in the entire federal code, one that leaves hedge-fund gazillionaires like Stevie Cohen and John Paulson paying less than half the top tax rate paid by most middle and upper-middle class Americans.

more: http://www.rollingstone.com/politics/matt-taibbi/blogs/TaibbiData_May2010/213905/83512

[midnight]

1. Alan Grayson should be our progressive voice in Washington.