{"id":24618,"date":"2011-09-13T08:05:22","date_gmt":"2011-09-13T12:05:22","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24618"},"modified":"2011-09-13T08:05:22","modified_gmt":"2011-09-13T12:05:22","slug":"president-obama-takes-on-the-billionaires-of-private-equity","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2011\/president-obama-takes-on-the-billionaires-of-private-equity.html","title":{"rendered":"President Obama Takes On The Billionaires Of Private Equity"},"content":{"rendered":"<p>Forbes &#8211; President Barack Obama\u2019s plan to pay for his $447 billion jobs plan by ending the carried interest tax break sets up a massive battle with Wall Street\u2019s Masters of the Universe, the hedge fund and private equity billionaires who have successfully beaten back similar proposals for years.<\/p>\n<p>The plan now emerging from the White House is to raise $18 billion by taxing the profit-based compensation of billionaires like Blackstone\u2019s Stephen Schwarzman and Apollo\u2019s Leon Black as ordinary income, which would be higher than the capital-gains rate currently applied to carried interest.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/nathanvardi\/2011\/09\/12\/president-obama-takes-on-the-billionaires-of-private-equity\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; President Barack Obama\u2019s plan to pay for his $447 billion jobs plan by ending the carried interest tax break sets up a massive battle with Wall Street\u2019s Masters of the Universe, the hedge fund and private equity billionaires [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24618","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24618"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24618\/revisions"}],"predecessor-version":[{"id":24619,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24618\/revisions\/24619"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}