Friday, July 13, 2007

Exactly

Kevin is talking today about hedge funds, taxes, and loopholes. Good post. But I think he hits the milieu de la moment on the head here:

This is an absurd loophole, and Congress is now dithering about whether to close it. (The fact that they're dithering, instead of competing with each other to express outrage and then closing it immediately on a unanimous vote, is yet another demonstration of the immense stranglehold that the rich have on American politics right now, but that's another story.) However, David Cay Johnston tells us today that even if this loophole gets closed, there's another one waiting in the wings.


(Emphasis mine)

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