Jon Perr at Crooks & Liars points out how much of Bain Capital’s success is dependent on U.S. tax policies that favor the wealthy. “As it turns out, the U.S. tax code doesn’t merely allow Romney to pay a lower rate than many middle class families. Without the public subsidy that is the corporate debt interest deduction, there might not be a Bain Capital—or a private equity industry as we know it—at all.” For more on how this tax subsidy hurts Main Street job creation, read this post by Jeff Madrick on OurFuture.org.