Bill Pascrell: “Absolutely incorrect.”

I am glad the budget includes finally closing the carried interest loophole, maybe the worst loophole in the entire tax code.

And I am not giving up because if we don't do that we continue to send the wrong message to the taxpayers.

So I am proud of our efforts to make big business and rich tax cheats finally pay their fair share. What the heck is wrong with that? And we have made progress.

We are not going to solve this problem by threatening academia.