Obama Takes Swing At Carried Interest

  • President knocks tax break in pre-Super Bowl interview
  • Says Washington dysfunction could damage 2013 growth
  • Says issue right now is not raising rates

President Barack Obama said on Sunday more tax revenue would be needed to reduce the U.S. deficit and signaled he would push hard to get rid of loopholes such as the carried interest tax break enjoyed by private equity and hedge fund managers, sister news service Reuters reported.

Obama, who won re-election in November largely on his promise to raise rates for the wealthiest Americans, pushed through a legislative package at the beginning of the year that raised rates for individuals making more than $400,000 a year and ...

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