House Proceeding 03-18-09 on Mar 18th, 2009 :: 1:15:30 to 1:16:10
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1:15:27 to 1:15:47( Edit History Discussion )

Stephen Cohen: so with that i'd like to yield again to my friend from memphis, the runner-up in the last poll, to my beloved louisville cardinals, mr. cohen. mr. cohen: thank you. i would like to ask either one of my colleagues. i know the hedge funds and they're involved in all of this as well. the hedge fund folks were making

1:15:30 to 1:16:10( Edit History Discussion )
Speech By: Stephen Cohen

1:15:48 to 1:16:09( Edit History Discussion )

Stephen Cohen: enormous amounts of money. unfathomable amounts of money. they are taxed at capital gains rates, which is like 15% instead of ordinary income which a personal on minimum wage is paying ordinary income. they're lower rate but still ordinary income. didn't we try to do something in the last congress to change that

1:16:10 to 1:16:11( Edit History Discussion )

Stephen Cohen: taxing scheme of the hedge funds