July 26, 2011

Eric Cantor on the take big time from Wall Street

Business Insideer - [Eric] Cantor is a huge beneficiary of donotions from Wall Street, attracting about $2 million from hedge fund, private equity, real estate and securities firms in 2010 alone.

According to the Post,
Among the White House’s top demands for new revenue are changes in the tax code affecting hedge funds, private equity firms and real estate partnerships, which would raise an estimated $20 billion over 10 years.

For the past four years, Cantor has taken the lead in the House on fighting the same changes. He also has been one of the top recipients of contributions from those industries — last year, his two fundraising committees took in nearly $2 million from securities and investment firms and real estate companies, more than double the figure for Boehner.

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