On Friday, Democratic presidential contender Hillary Clinton went after the low-tax status of hedge fund investment managers thanks to the current, federal tax code.

   It turns out that primary rival John Edwards beat Clinton the punch, releasing a statement on the issue two days before Clinton did.

  "You want to know what I mean by Two Americas? A tax code that lets hedge fund and private equity managers making hundreds of millions a year pay taxes at a lower rate than their secretaries is wrong,'' Edwards said in his statement.

   “Building One America means getting rid of loopholes like the one that lets these investment advisers treat most of their compensation as capital gains.  Carried interest is compensation for work, and it should be taxed like other pay.''

     The US Senate Finance Committee hosted a hearing last week on getting rid of the tax break.

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