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How Uncle Sam Helped Mitt Romney Build His Fortune
At events across the country, Mitt Romney's presidential campaign is trying to convince voters that small business owners in fact build the roads and bridges they use every day. Unfortunately, Romney's "We Did Build It" gatherings have hit some potholes, with many participants revealed to be the recipients of government contracts and subsidies and others unaware of the full context of President Obama's selectively edited remarks now under attack.
Private equity owes its success in no small part to that uniquely American provision of the corporate tax code. The New York Times recently helped explain why:
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