Topic: Henry Kravis
After months of pressure, Mitt Romney has released more tax information, which confirms that the Romneys are rich. But he'd probably be a billionaire if he hadn't gone into public service.
The system that made Mitt Romney's fortunes at Bain Capital is the same one largely responsible for the greatest concentration of the nation’s income and wealth at the very top since the Gilded Age of the nineteenth century.
Closing tax loopholes for hedge-fund and private equity managers may seem like a no-brainer, especially at a time when the nation is cutting back spending on the middle class, but you can expect a huge fight.