Opinion

December 15, 2012 4:00 PM

Bruce Glensky | Tax reform must include private equity

President Obama claims a mandate for raising the tax rate on the upper 2 percent of American incomes; his tone of class warfare during the campaign is implied to have delivered that mandate from the voter. Are we likewise to assume that because he successfully defined Governor Romney’s business conduct while with Bain Capital as hostile to middle class America during the campaign, that he is likely to follow through by eliminating the tax benefits bestowed upon private equity as a necessary condition of tax reform? Let’s hope so.

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