If you do a Google search for “Mitt Romney carried interest,” 9,770 results appear.
That’s not a huge amount in the world of search. Yet it’s clearly going to be a big topic of conversation as we move closer to November. Obama wants to get rid of it, and Romney won’t say what he thinks, though it’s pretty clear he knows which side his bread is buttered on.
Regardless of who believes what, it’s constructive for voters to understand the issue before they step into the voting booth. Knowing how carried interest is created and when taxing it at lower rates is warranted should be important to all Americans — not just those directly affected by it. Read