Former Congressman and now IRS Commissioner Billy Long shares one thing in common with Carlyle Group co-founder David Rubenstein. Both sold tribal tax credits. Rubenstein did so prior to his founding The Carlyle Group, a Washington, D.C. based private equity underwriter (PEU).
Commissioner Long did so after he left the House and did not achieve his desired Senate seat. Long tried to abolish the IRS while in Congress. David Rubenstein hates paying taxes so the pair might actually get along.
Rubenstein hired former IRS Commissioner Charles Rossotti at Carlyle. I'm sure the PEU boys would line up to hire Long if he can help them avoid their already whittled down tax burden.
Billy Long did not get into the Senate but he did skate by with his recent confirmation. Politicians Red $& Blue love PEU and increasingly, more are one.
