Wednesday, March 29, 2023

PEU Tax Freedom Matters

The George W. Bush Presidential Center
interviewed Carlyle co-founder David RubensteinBefore his term as President George W. Bush served on the board of directors of Carlyle affiliate CaterAir.

As a companion program to the Bush Center’s 2023 Freedom Matters special exhibit, the Bush Center hosted Carlyle Group Co-Founder and Co-Chairman David Rubenstein and “America’s Government Teacher” Sharon McMahon.
Policy making billionaire David Rubenstein non-lobbied Congress to keep private equity's preferred "carried interest" taxation.

Barron's reported in 2021:

A key tax break for private-equity and hedge-fund managers that has been targeted for elimination by every president since George W. Bush survived the latest attempt to kill it.

Politicians Red and Blue love PEU (private equity underwriters) and increasingly, more are one.