Posted on 07/30/2007 12:02:54 AM PDT by neverdem
WASHINGTON, July 29 June was a busy month for Senator Charles E. Schumer. On the phone, at large parties and small gatherings around the nation, he raised more than $1 million from the booming private equity and hedge fund industries for the Democratic Senatorial Campaign Committee, of which he is chairman.
But there is another way Mr. Schumer has been busy with hedge fund and private equity managers, an important part of his constituency in New York.
--snip--
From January through June, the Democratic Senatorial Campaign Committee raised nearly $2 million from executives and employees of private equity and hedge fund firms like the Carlyle Group and the Blackstone Group, according to analyses of campaign finance disclosure reports conducted by the Center for Responsive Politics, a nonpartisan group that researches the influence of money in politics, and by The New York Times. The $2 million figure, which includes contributions from relatives of employees and executives, is a low-end estimate because many donors do not list their employers on financial disclosure reports.
Industry executives say they value the role Mr. Schumer plays. John G. Gaine, the president of the Managed Funds Association, the main hedge fund trade group, described the senator as a critical figure in the debate and a guardian of Americas capital market and, more parochially, New Yorks economic interest.
Mr. Schumer says he is working on an alternative tax plan, the details of which he would not disclose. But in the interview he spoke approvingly of raising the tax rate on the wealthiest 1 percent of Americans those earning more than $400,000 a year to 40 percent from 35 percent. He added that Congress could also once again set the capital gains tax rate at 20 percent, raising it from the current 15 percent.
(Excerpt) Read more at nytimes.com ...
One tax rate ... for all people and businesses.
Individuals get relief up to minimum wage
Businesses get relief for full time employees (40 hrs) if the business offers health care and retirement programs
Then we need to work on restricting Congress’s ability to spend.
Putzhead Schmuckie the tax hiker. I’m shocked.
Mental masturbation, little more. No way GWB signs a tax hike.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Don't underestimate our enemies. IIRC, putzhead maxed the old SAT in the 1960s with a perfect score of 1600, according to the NY Times when I bought hard copies of it.
Schumer: revolting in so many ways.
Never trust a guy who looks like he had a role in Who Framed Roger Rabbit.
Chucky seen here rehearsing for his new role in Who Screwed the American People (Again!).
UpChuck, Hitlery, Osama Obama, the Breck Girl, et al are all vying to come up with a scheme that will destroy the US’s economic engine while they impose socialism on us.
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