Aug 30, 2007

Buyout Tax Debate Hits the Hamptons
Dealbook | So strange I remember...

“This is an end-of-summer parody to highlight the absurdity of the idea that the richest people in this country have an unending list of breaks that make them richer,” Steven Lerner, director of the Service Employees International Union’s Private Equity Project, told DealBook by phone. “The idea that people who have so much money need to have a more privileged tax status than other people is so absurd.

And demonstrably false.