We've noted recently that the whole issue of taxes on private equity gains never really took off as a political issue, even among the populist-oriented democrats. It's a tricky issue, and the financial services industry often is tough to take on for various reasons. Still, candidate Hillary Clinton seems to be giving the issue a go. The New York senator mentioned in a speech, notes FINalternatives, that hedge fund executives pay a lower rate of taxes than some working folks. Of course, her daughter worked at a hedge fund. We'll see if she gets any traction out of this.
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