Least Convincing Advocate Ever
July 18, 2011
[Guest post by Matthew Zeitlin] An under-remarked upon aspect of the debt ceiling debate is the so-called “carried interest” loophole. The way this works is that the managers of a private equity, hedge, venture capital, or private real estate fund pay the capital gains rate on the income they accrue from the profits of an investment, even from the money that other people or organizations or people put into the fund.
Pimp My Rep
May 20, 2009
OMG! Have you seen Episode 7 of CNN.com’s “Freshman Year”? Unbelievable. First, Congressman Jason Chaffetz (you know, the Utah Republican living out of his office) totally slams Nancy Pelosi at his birthday party, laughing about how he shares a birthday with “all the ugly people”: the speaker, Aerosmith’s Steven Tyler, comedian Martin Short, and that creepy old guy who played Spock in the original “Star Trek.” Meanwhile, crunchy Colorado Dem Jared Polis gets to meet Bono (!), and they bond over how much they hate wearing ties. (Funny.