By Doug Cunningham

On Thursday, the SEIU rallied for what it called a Global Day of Action to take back the economy against private equity firms. One of the goals, according to the SEIU, is to get Congress to close tax loopholes that give private equity firms big tax breaks that then reward the destruction of jobs when equity firms buy, slash and sell companies. SEIU says if these tax loopholes were closed to the “buyout billionaires” $31 billion in government revenue would be generated. That money could be used for healthcare or for middle-class tax cuts rather than stuffing the already overstuffed pockets of private equity firm owners.