Tax breaks for the wealthy, corporate jet owners, hedge fund managers and oil and gas companies should be scrapped to help reduce the deficit, President Barack Obama said Wednesday. Republicans are insisting that tax increases stay off the table in ongoing talks to get a deal to raise the debt ceiling. But at a news conference Obama said revenue has to be in the mix. [MarketWatch]
Obama: "Win For Life" Hedge Fund Managers Should Donate Some Of Their Scratch-Off Haul To Non-Winners
Donate vis-à-vis taxes that is.