The GOP supports the hundred or so individuals that enjoy this carried interest sinecure at its peril

Grover Norquist of Americans for Tax Reform does his defund the government by starving the beast campaign no favor by supporting the financial elites carried interest tax dodge because one would have to question his motives. It’s an arcane loophole carved out of a complex code by accountants, lawyers and lobbyists working to line the pockets of super elite Wall Street rent seekers, Mitt Romney’s Bain Capital being a principal example.  Why would Norquist support this elite’s tax avoidance scheme unless he was being paid by moneyed interests to do it?  If the tax code was correctly interpreted then the slight increase in tax receipts to feed the beast is much less than the loss of populist appeal to his tax reform movement.  Donald Trump’s recent success on the campaign trail  comes from an admission that as an elite he has paid for his interests to be promoted in the corridors of influence.  He knows how the system works and his observation that he has friends making billions not paying taxes, resonates.  The GOP supports the hundred or so individuals that enjoy this carried interest sinecure at its peril and so does Grover.