"Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday," the president announced in a tweet Saturday.It will be interesting to see the impact of President Trump's tax plan on private equity underwriters, especially as his administration is peppered with them.
According to David Rubenstein, a co-founder of The Carlyle Group, Trump “will no doubt have some principles that he'll set forth soon and no doubt there'll be corporate tax cuts in those and repatriating money from offshore.”
Bloomberg reported in early March:
When it comes to the proposal to replace interest deductibility with immediate expensing -- a move that could meaningfully change the leveraged-buyout calculus -- the final result is likely to be more muted, said Rubenstein, who co-founded Washington-based Carlyle in 1987.Just days to find out who President Trump serves. Government by the PEU for the PEU.