Why I Am A Patriotic Millionaire: Fred Rotondaro

Why I Am A Patriotic Millionaire: Fred Rotondaro

My family and millions of others like us came to America during a time when America had an implicit social contract. It was a time when key policy makers realized that the best investment that the nation could make was in its own citizens. So that those citizens would have the chance to lead decent and productive lives. It was a time of national wisdom, humanity, and humility.

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Boehner Right-Hand Man Mike Sommers Carries (Industry) Interest on Carried Interest

Boehner Right-Hand Man Mike Sommers Carries (Industry) Interest on Carried Interest

Last week, the Private Equity Growth Capital Council announced Mike Sommers, former Chief of Staff to Speaker of the House John Boehner, as its incoming president and CEO. The trade association has been at the center of a battle over the carried interest loophole, a ridiculous rule in our tax code that allows managers of private investment funds to pay capital gains rates on money they earn managing other people’s money.

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