Obama Hints At Carried-Interest Crusade In 2013

Law360, New York (February 5, 2013, 6:16 PM EST) -- In an interview with CBS News on Sunday, President Barack Obama appeared ready to take on carried interest, the perk the private equity industry holds dearest and one of the tax code's toughest loopholes to close.

"The average person doesn't have access to carried interest income, where [fund managers] end up paying a much lower rate on billions of dollars that they've earned," Obama told CBS' Scott Pelley. "We just want to make sure that the whole system is fair, that it's transparent."

This won't be...
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