"Not content to merely spend the record influx of cash coming into the federal treasury, some members of Congress are pushing to hike the capital-gains tax on so-called "carried interest" -- the share of partnership profits, typically 20%, that hedge-fund and private-equity investment managers have not sold to their outside investors. This would be nothing more than a punitive tax on those the congressmen perceive to be making too much money...."
That's a snippet from today's Wall Stret Journal op-ed, "The Smart Way to Soak the Rich" by Phil Kerpen.
Mr. Kerpen's dead right. He will be joining us on Kudlow & Company later this week with his perspective.