REPORT NO. 56: CALIFORNIA HEDGE FUNDS AND THEIR BILLION-DOLLAR TAX LOOPHOLE

16 Apr 2018
CALIFORNIA HEDGE FUNDS AND THEIR BILLION-DOLLAR TAX LOOPHOLE Simply stated, the carried interest loophole is the mistreatment of hedge fund and private equity fees as capital gains, rather than ordinary income.... Read More
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TRUMP’S BILLIONAIRE CABINET: How They Harm Working People and Take America’s Wealth for Themselves

14 Feb 2017
Context: As President, Trump Elevates the Wall Street Elite He Criticized as a Candidate Last year, throughout his presidential campaign, Donald Trump harnessed populist anger at the wealthy elite, and presented himself as an outsider who will stand up for working people. At an August 2015 appearance on CBS, Trump said that “hedge funds guys are getting away with murder,” earning “a hell of a lot of money and not paying taxes.”[1] He slammed the “global special interests rigging the system” against working class Americans.[2] Candidate Trump criticized excessive CEO compensation, saying “you see these guys [CEOs] making these enormous amounts of money and it’s a total and complete joke.”[3] Speaking about his tax plan, he claimed “no one will gain more from these policies than low and middle income Americans.”[4] He vowed to drain the “swamp” of political insiders and financial elite.... Read More

#HedgePapers No. 37 – Trump’s Unholy Trinity: How Three of His Biggest Donors Are Cashing in on California’s Housing Crisis

13 Sep 2016
Introduction: Understanding Trump and His Billionaire Supporters in California During the current presidential race, Donald Trump has come under fire for outrageous and offensive positions on a range of issues. His history of bragging about how he would profit from the real-estate market crash that fueled the Great Recession has drawn considerable scrutiny.... Read More