- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Investors May Skew Housing Reality
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- Are Crazy Retail Deals Good for Business?
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- Madoff—The Holiday Drink
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
- Wall Street 'Bonuses' Disappearing—but Only in Name
- Even Buffett's Huge Fame Can't Help the Name 'Warren'
- Wave of Debt Payments Facing US Government
- JPMorgan's Dimon Could Succeed Geithner: Report
- Maria Blog: Are Crazy Retail Deals Good for Business?
- Treasury Auction of $44 Billion Gets Good Response
- Suze Orman’s 'A Healthier, Wealthier You'
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Wave of Debt Payments Facing US Government
- Paul: Audit the Fed
- Start-Up Proves Everything Really Is Better With Bacon
- TV Retailer QVC Joins 'Black Friday' Frenzy
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- S&P Stocks Trading at New 52-Week Highs
- Madoff—The Holiday Drink
- China Asks Its Banks to Slow Down
Text Size 
A Democratic presidential debate, before a predominantly African American audience at Howard University last night, took a small step toward smoking out the leading White House contenders on Wall Street's hottest political issue: raising taxes on private equity and hedge fund executives.
 |
AP Former Sen. John Edwards of North Carolina |
An Edwards aide preserved the candidate's room for waffling after the debate, saying he hadn't endorsed pending House legislation to curb the use of "carried interest." But after Edwards' comments last night he'll face a strong hypocrisy attack if he doesn't embrace the idea.
His rival Chris Dodd showed his colors, too--as the chairman of the Senate Banking Committee and representative of the upscale hedge-fund suburbs of Connecticut. He reminded the audience that the tax code must be "pro-growth" as well as reflect American values.
Front-runners Barack Obama and Hillary Clinton skirted the "carried interest" issue, but made clear once again that their tax and spending priorities involve shift part of the tax burden from the middle class to the rich. Said Mrs. Clinton: "We have to change the tax system, and we’ve got to get back to having those with the most contribute to this country."
Questions? Comments? Write to .
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- The energy company Power Efficiency is building tools that regulate the power electric motors use.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes