Sen. Kyl: Obama equates free enterprise with ‘Gordon Gekko-style greed’
{mosads}In the movie “Wall Street,” Gekko is a fictional stock market trader who profits from illegal insider trading.
Kyl’s comments come as the Senate tries to find a way to extend the current 3.4 percent interest rate on Stafford loans.
Democrats and Obama want to pay for a one-year extension of the bill by closing tax loopholes on shareholders of S-corporations. Republicans support maintaining the current loan interest rate, but have criticized that approach to pay for an extension as a tax increase.
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