OPINION — Ambitious new programs are central to every presidential campaign, on the right or the left. Whether it’s a border wall or universal health care, voters want to hear what candidates will do and how they intend to pay for it. Of course, the latter part of that question often comes with an unspoken addendum: How will you pay for it — without taxing me?
For some, the answer has been to attack an industry that benefits public-sector pensions, universities and foundations without having to address the consequences of their policy proposals. But what might make for a good stump speech on the campaign trail can ultimately have a very real impact for millions of middle-class American families that stand to benefit most from a vibrant economy. Fortunately, there’s still plenty of time for leading candidates to study the capital flows driving new opportunities for American workers — and none stand out more than private equity.