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Hedge Funds Are Part of a Tricky Money Maneuver to Put Hillary in the White House
http://wallstreetonparade.com/2016/04/hedge-funds-are-part-of-a-tricky-money-maneuver-to-put-hillary-in-the-white-house/At the Democratic debate at Drake University in Des Moines, Iowa on November 14, 2015, Hillary Clinton attempted to portray herself as the fierce enemy of hedge funds. She told the audience the following:
“You have two billionaire hedge fund managers who started a Super PAC and they’re advertising against me in Iowa as we speak. So they clearly think I’m going to do what I say I will do….”
But two hedge fund billionaires backing a Republican candidate pales in comparison to the tens of millions of dollars flooding into Hillary Clinton’s campaign from other hedge fund billionaires – including money flowing into a joint fundraising committee called the “Hillary Victory Fund” that is sluicing money to both Hillary’s main candidate committee, Hillary for America, as well as into the Democratic National Committee and 33 separate state Democratic committees, which has some observers crying foul.
...
Hedge funds and private equity firms are desperate to hold on to their tax perversion known as “carried interest,” which allows their winnings to be taxed at rates lower than those paid by some plumbers and nurses. In no small part, it’s how hedge fund operators ended up as billionaires, effectively subsidized by the wage earner.
Federal Election Commission records show that S. Donald Sussman, founder of hedge fund Paloma Partners, gave $343,400 to the Hillary Victory Fund while also donating $2.5 million to Priorities USA, the Super Pac supporting Hillary. Hedge Fund billionaire George Soros donated $343,400 to the Hillary Victory Fund while sluicing a whopping $7 million into Priorities USA to enhance Hillary’s efforts to move into the Oval Office. Jay T. Snyder of HBJ Investments, a private equity firm, gave over $300,000 to the Hillary Victory Fund.
“You have two billionaire hedge fund managers who started a Super PAC and they’re advertising against me in Iowa as we speak. So they clearly think I’m going to do what I say I will do….”
But two hedge fund billionaires backing a Republican candidate pales in comparison to the tens of millions of dollars flooding into Hillary Clinton’s campaign from other hedge fund billionaires – including money flowing into a joint fundraising committee called the “Hillary Victory Fund” that is sluicing money to both Hillary’s main candidate committee, Hillary for America, as well as into the Democratic National Committee and 33 separate state Democratic committees, which has some observers crying foul.
...
Hedge funds and private equity firms are desperate to hold on to their tax perversion known as “carried interest,” which allows their winnings to be taxed at rates lower than those paid by some plumbers and nurses. In no small part, it’s how hedge fund operators ended up as billionaires, effectively subsidized by the wage earner.
Federal Election Commission records show that S. Donald Sussman, founder of hedge fund Paloma Partners, gave $343,400 to the Hillary Victory Fund while also donating $2.5 million to Priorities USA, the Super Pac supporting Hillary. Hedge Fund billionaire George Soros donated $343,400 to the Hillary Victory Fund while sluicing a whopping $7 million into Priorities USA to enhance Hillary’s efforts to move into the Oval Office. Jay T. Snyder of HBJ Investments, a private equity firm, gave over $300,000 to the Hillary Victory Fund.
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