Pete Peterson, retired investment banker and advocate of balancing the federal budget, said Republican presidential candidates engaged in “nonsense” when they opposed raising revenue to help cut the deficit.
Bernie Sanders , the U.S. Senate’s only avowed socialist, may be the chamber’s fiercest advocate of taxing the rich to cut the federal deficit. That doesn’t mean he wants to reduce their Social Security and Medicare benefits.
For years, I have wondered why, for some people, enough is never enough. For example, what could have possibly motivated Jon Corzine -- a respected former senator, governor and Wall Street big shot with hundreds of millions in the bank -- to take the top job at MF Global Holdings Ltd in the first place?
Private-equity firms, trying to derail legislation that would boost taxes on their leaders’ pay, are attacking a provision that would make it more costly for executives to sell their own management firms.