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.

Read More

Tell CNBC: Ask Republicans for a ‘Show of Hands’ on Minimum Wage

Tell CNBC: Ask Republicans for a ‘Show of Hands’ on Minimum Wage

“Is there anyone on stage - can I see hands - who is willing to pledge their support to a policy that would save taxpayers millions of dollars, decrease dependency on government programs, and provide a significant boost to the economy while simultaneously re-asserting a central tenet of the American social contract? Again, we’re looking for you to raise your hand now, raise your hand now if you will make that pledge tonight.”

Read More