{"id":23335,"date":"2011-07-05T08:19:37","date_gmt":"2011-07-05T12:19:37","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23335"},"modified":"2011-07-05T08:41:27","modified_gmt":"2011-07-05T12:41:27","slug":"obama-health-and-education-more-important-than-oil-and-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2011\/obama-health-and-education-more-important-than-oil-and-hedge-funds.html","title":{"rendered":"Obama: $21 Billion In New Hedge Funds Taxes"},"content":{"rendered":"

\"\"<\/a>New York (HedgeCo.net) – President Barack Obama,\u00a0in his weekly address,\u00a0suggested\u00a0that hedge funds and oil\u00a0companies should pick up the slack with a tax hike in order to\u00a0cut the deficit. Obama’s proposal would raise hedge fund manager’s taxes by up to $21 billion, according to an estimation by MSNBC.<\/p>\n

“If we choose to keep those tax breaks for millionaires and billionaires, or for hedge fund managers and corporate jet owners, or for oil and gas companies pulling in huge profits without our help – then we’ll have to make even deeper cuts somewhere else.”\u00a0Obama said\u00a0on Saturday.<\/p>\n

“We’ve got to say to a student, ‘You don’t get a college scholarship.’ We have to say to a medical researcher, ‘You can’t do that cancer research.’ We might have to tell seniors, ‘You have to pay more for Medicare,'” Obama said.\u00a0“We’ve got to cut the deficit, but we can do that while making investments in education, research and technology that actually create jobs.”<\/p>\n

Obama’s tax increases include:<\/strong><\/p>\n