I'm all for it!

Capitalizing on populist anger toward Wall Street, a coalition of more than 20 labor unions and activist groups on Tuesday launched a new campaign to reform the financial industry.
Among its biggest targets will be doing away with a law that allows private equity managers to pay lower taxes through something known as the “carried interest loophole.” These managers receive a share of profits for any gains they create for their clients, and this income is treated as long-term capital gains and taxed at a lower rate.
“I think the tone of the election has reminded many people just how deeply felt the frustration and anger is about the way that Wall Street has shaped the economy in its own interest,” said Lisa Donner, executive director of Americans for Financial Reform, a coalition of more than 200 civil rights, consumer, labor, business, investor, faith-based, and civic and community groups.
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