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Dave Camp's confusing (and understated) private equity tax plan

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Republican lawmaker Dave Camp has put private equity's cherished tax break on the table. The proposal would raise far more federal revenue than he thinks. Well, so long as anyone can understand it.

FORTUNE -- Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee, yesterday proposed a sweeping personal and business tax overhaul that includes (you guessed it) a change to how carried interest is treated. This MORE


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