The GOP's Carried Interest Problem

Increase Taxes? Trump Talk Alarms GOP brings up "carried interest" which is an arcane tax fiddle developed and defended by sharp tax accountants where fees, income, are put into the investment. asset & liabilities, side of the ledger with a wink wink to the hedge fund manager client asking, "isn't that how it works boys?" Getting rid of this special interest favor carved out and supported by the huge financial services lobby in Congress would be difficult because of the money put up by hedge fund elites to resist it. Steve Schwarzman of Blackstone and a perennial billion dollar income earner has called tampering with carried interest as un-American.  For regular Americans Grover Norquist's pledge against tax increase would not be broken by allowing this tax loop hole to be closed. Every candidate, Hillary included, who doesn't make it an issue to get rid of carried interest is declaring they are beholden to Wall Street elites rigging the game in their favor.