Why Hillary Clinton is going after hedge funds
"Hillary Clinton's got a problem with hedge fund managers -- or at least with the way they're taxed.
The expected frontrunner for the 2016 Democratic presidential nomination is avoiding policy specifics for now, but the taxation of hedge fund managers -- an elite class of investors who will no doubt pour millions into Clinton's second White House bid -- has been an early exception.
"There's something wrong when hedge fund managers pay lower tax rates than nurses or the truckers that I saw on I-80 as I was driving here," Clinton told a small group of roundtable participants in Monticello, Iowa, this week."....
" We need to fix our dysfunctional political system and get unaccountable money out of it once and for all, even if that takes a constitutional amendment."....
The increase in tax will be on CEO’s of hedge funds. Not on your holdings in hedge funds.