Editorial Board
Ending Corporate Welfare One Program at a Time
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U.S. President Barack Obama took advantage of one of the largest audiences in television history to address the residents of Greenwich, Connecticut.
Well, maybe it wasn’t that straightforward. But by using his pre-Super Bowl interview with CBS News to discuss tax reform, including the infamous carried-interest loophole that benefits hedge-fund and private-equity managers, he signaled a new willingness to do something about corporate welfare -- whether it is embedded in the tax code or embodied by government policy.