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Jack Lew: I don’t know why my investment was in the Caymans

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White House chief of staff Jack Lew told lawmakers that he could not explain why his venture capital investment was headquartered in the Cayman Islands, though he did recommend that Congress lower corporate tax rates. “I actually don’t know,” Lew replied when Senate Finance Committee chairman Max Baucus, D-Mont., asked why the venture capital firm was located in the Caymans. “At the time I...

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