Rupert Murdoch Would Have a Better Grasp of the News If He Read It [News Corp]

News Corp. CEO Rupert Murdoch’s puzzling Twitter feed of spontaneous crank missives turned out this surprising political position this afternoon: “Carried interest tax racket. Billions over many years. Why and where has Obama been?” If we’re translating this correctly, he’s calling the controversial carried interest tax loophole, which is in the news thanks to Mitt Romney’s comical tax history, a “racket” that his cost the Treasury billions of dollars in revenue over the years, and he’s wondering why Obama hasn’t pushed to eliminate it. Will the tycoon allow us the honor of correcting him? More »

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