Speaker of the House John Boehner, R-Ohio, left, joined by House Majority Leader Eric Cantor, R-Va., returns to his office after speaking to reporters on the fiscal cliff negotiations, at the Capitol in Washington, Friday, Dec. 21, 2012. (AP Photo/J. Scott Applewhite)

Tax Reform Bills Threatens Republican Campaign Fundraising

The bill would end the “carried interest” income exemption, which allows hedge fund managers and private equity firms to get the investment-income tax rate on their normal wage income.