Tuesday, March 6, 2012

More on Mankiw’s Defense of the Carried Interest Loophole

My take on what Greg wrote is here. It seems Alec MacGillis made the same point much more forcefully finishing with this gem:

If Mankiw is so bothered by the carpenter’s fate after the closing of the carried interest loophole, then he should be pushing for the equalization of the tax rate for investments and earned income.

But Alec does one better by finding a 2007 Mankiw oped that advocated closing this loophole. But give Greg a break as he is advising someone who flip flops on just about everything!

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