Okay one of the revenue enhancements in the gang of 6 plan rejected by Republicans is related to hedge funds managers. Currently hedge fund managers get paid two ways. They take a 2% administration fee off the top. This fee is typically taxed as income. The other fee is they charge 20% of profits. This 20% often makes up the bulk of their income. The 20% is taxed at the 15% capital gains rate and not the 33% marginal tax rate for income. The intent of the reduced capital gains tax is to encourage investors to undertake more risky investments. Hedge fund managers are getting this rate for managing other peoples money not for risking their own. The House Republicans will preserving the undeserved tax break at any cost. Will any Republican defend this position?