Obama Wants Hedge Fund Managers And 'Corporate Jet Owners' To Do Their Part To Help Bring Down The Deficit

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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]

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