Hedgies to Obama: Raise my taxes

Noblesse oblige makes a comeback.

Not all hedge fund managers are fighting to keep the Bush tax cuts for the rich. Michael Steinhardt, founder of Steinhardt Partners, signed an online pledge with other “patriotic millionaires for fiscal strength” to raise their own taxes. In an open letter to President Obama, Steinhardt and others urged the President to allow tax cuts on incomes over $1 million to expire at the end of 2010, as scheduled.

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