Schumer Act II - now changing his mind about taxing hedge funds after receiving donations

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/06/AR2007110602313.html?hpid=moreheadlines

In early June, as the Senate Finance Committee began examining how a new breed of Wall Street titan could be paying a special low tax rate on executives' salaries, one of the richest of them, hedge fund manager Steven A. Cohen of SAC Capital Advisors, cut the Democratic Senatorial Campaign Committee a check for $28,500.

Just days later, with DSCC Chairman Charles E. Schumer (D-N.Y.) equivocating on legislation to raise taxes on publicly traded equity firms, hedge fund giant James H. Simons, who earned $1.7 billion last year at his Renaissance Technologies LLC, donated another $28,500 to the DSCC.

Sen. Charles E. Schumer (D-N.Y.) says he opposes legislation that would raise taxes on hedge funds. (Chris Kleponis - Bloomberg News)


Schumer can no longer be a voice for the Dems. He's killing us. He needs to go. What a slimebag and criminal.

buddy, right now.

if in the form of a campaign contribution!