Professor Brad Borden recently commented on the politicized public image of Bain Capital in the Boston Globe. As President Obama’s campaign focuses more and more on the financial records of Republican candidate Mitt Romney’s tenure as the company’s CEO, Bain Capital is working to protect its image.
Professor Borden argues that the negative publicity is important in pointing out the problems with Bain Capital and other large corporations like it. He explains that low capital gains tax rates and carried interest allows already-wealthy executives to pay lower tax rates than underpaid public servants, such as teachers. “It’s gross inequity,” he said.
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