Not that it matters at this point, but "closing loopholes" was not President Obama's tax position during the debt ceiling negotiations. He cleverly made a big d

Not that it matters at this point, but "closing loopholes" was not President Obama's tax position during the debt ceiling negotiations. He cleverly made a big deal about a penny-ante change to private jet depreciation, but the meat of his proposal was a combination of higher rates and lower deductions for high earners. Neither of which could be properly described as loophole-closing.