Obama eyes financiers with plan to boost tax revenue

05/12/2009 | Bloomberg · Los Angeles Times (tiered subscription model)

President Barack Obama unveiled a $58 billion proposal that targets financiers to close "unfair loopholes" in the tax system. Life insurers, securities dealers and hedge fund managers all face higher taxes under the proposal. Combined with other proposals, the initiative would triple income taxes paid by executives at private-equity firms.

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Bloomberg · Los Angeles Times (tiered subscription model)