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Senate Proceeding 01-27-09 on Jan 27th, 2009 :: 1:47:10 to 1:49:20
Total video length: 3 hours 25 minutes Stream Tools: Stream Overview | Edit Time

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James Webb

1:47:05 to 1:47:26( Edit History Discussion )

James Webb: support the idea of closing this carried interest loophole as a matter of fairness that i would ask to be entered in at the end of my statement. the presiding officer: without objection. mr. webb: thank you, mr. president. they include editorials from the "washington post," "new york times," "usa today," the "philadelphia inquirer" and in fact "the washington post," in

James Webb

1:47:10 to 1:49:20( Edit History Discussion )
Speech By: James Webb

James Webb

1:47:27 to 1:47:48( Edit History Discussion )

James Webb: 2007 in talking about this particular tax break, said this: "the only mystery is why senate democrats don't hav the good sense to grab on to this as their centerpiece domestic issue issue. it's hard to think of an issue that better taps into the public anxiety about the markets and the economy, the anger about income inequality or the disgust with the political system that

James Webb

1:47:49 to 1:48:09( Edit History Discussion )

James Webb: bends to the will of powerful interests." "the washington post" continued, "this is a make-or-break issue for democrats f. theyan't unite around this issue, then they aren't real democrats and they don't deserve to govern." "the new york times" in 2007 talked about this issue,

James Webb

1:48:10 to 1:48:30( Edit History Discussion )

James Webb: mentioning, "with income inequality surging along with the need for tax revenue, supporters rightly conclude that it is untenable for the most highly-paid americans to enjoy tax rates that are lower than those of all but the lowest-income workers. congress will achieve a significant victory for fairness and foriscal responsibility if

James Webb

1:48:31 to 1:48:51( Edit History Discussion )

James Webb: it ends the breaks that are skewing the tax code in favor of the most advantaged americans." there are others, and as i mentioned, i will insert the full text of these editorials at the end of my comments. and i also shoul our new president, president

James Webb

1:48:52 to 1:49:12( Edit History Discussion )

James Webb: obama, has supported throughout his campaign the idea of taxing carried interest as ordinary income. so the choice is this: do we help fund this program which we all agree is critically necessary with a well-deserved tax adjustment for some of those

James Webb

1:49:13 to 1:49:20( Edit History Discussion )

James Webb: who are the most capable of absorbing a new tax take money exclusively from

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