Sen. Elizabeth Warren says calls by GOP presidential candidates Donald Trump and Jeb Bush to close the carried interest tax “loophole” shows even a few “rich guys” realize billionaires shouldn’t pay taxes at a lower rate than teachers and firefighters.
- “It means that even when your ears are stuffed with money you get a little sound that comes through,” Warren, D-Mass., says at the Washington Ideas Forum hosted by the Atlantic and Aspen Institute
- NOTE: Carried interest rule allows hedge fund managers to pay lower tax rates; Trump and Bush tax plans call for ending it; anti-tax activist Grover Norquist says he has no problem closing loophole as long as comes w/ corporate tax cut
- On 2016 presidential race, Warren says she’s “not there” on decision of who to endorse in Democratic nomination contest
- Sen. Bernie Sanders “fights from the heart” and has done “enormous service” by pushing important ideas onto the national agenda; Hillary Clinton also raising “important” issues, including need to slow “revolving door” between Wall Street and govt agencies: Warren
- Vice President Joe Biden “cares about America,” Warren says while also noting her prior disagreement with him over bankruptcy legislation