The Dems fold again .... and again, and again, and again

Oh boy, and they've rolled over again. Today is the day the Democrats declare themselves defeated, fold up their tents and go home. Bye, bye. Sorry you came in the first place.

Senate Majority Leader Harry M. Reid (D-Nev.) has told private-equity firms in recent weeks that a tax-hike proposal they have spent millions of dollars to defeat will not get through the Senate this year, according to executives and lobbyists.

Reid's assurance all but ends the year's highest-profile battle over a major tax increase. Democratic lawmakers, including some presidential candidates, had been pushing to more than double the tax rate on the massive earnings of private-equity managers, who the Democrats say have been chronically undertaxed.

Idiots!!!!!!!!!!!!!!!!!!!! There is no earthly reason why hedge fund managers should have their pay checks taxed at a max of 15% when everyone else gets their pay taxed at a max of 35%.