Blackstone, Carlyle, KKR, Apollo just got their own little loophole in the tax bill. Cornyn amendment 1715 (to be included in manager's amendment). PTP income, but not other financial services income, gets 23% passthrough deduction.— Victor Fleischer (@vicfleischer) December 1, 2017
Wow. A special perk for private equity firms - the richest of the rich - slipped into the bill at the last minute. https://t.co/D305L2nKDZ— Topher Spiro (@TopherSpiro) December 1, 2017