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Carried Interest Controversy

The loophole has always been unpopular with leading Democrats. Now some Republicans look ready to compromise.

    (Illustration by Joe Mclaren)The American public might never have heard the term “carried interest” if Mitt Romney’s 13.9 percent tax rate hadn’t threatened his lock on the Republican presidential nomination this year. After rivals like Newt Gingrich attacked Romney’s work at private equity firm Bain Capital, which Romney co-founded, and

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