Some, but not many, tax loopholes would be opened by the proposal, accountants said.
As a result, he said, members of Congress are not rushing to open a wider tax loophole for these funds.
But doing something about tax loopholes for big business and the super-rich would be a fair start.
It's easy to say to close tax loopholes for the rich.
Joking aside why do you think these tax loopholes exist in the first place?
Surely, this is the first time in history a political figure has been criticized for not taking advantage of a tax loophole.
"Average homeowners now have a tax loophole they can drive a truck through."
And so, should we keep tax loopholes for big oil companies?
If they were, the tax loophole would have been unborn.
It's one of the biggest legal tax loopholes that the rich use.