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Private Equity Eyes Tax and Financial Reform in the Trump Era

  • Industry watching carried interest, deductibility, regulations
  • Blackstone legal chief sees potentially “sweeping” changes
Bloomberg business news

Trump Transition: Inauguration and First 100 Days

Private equity has the President-elect on speed dial. That may benefit the $2.5 trillion industry as several key issues are put in play.

Wilbur Ross, who made his private equity fortune restructuring bankrupt companies, will as Commerce secretary be the voice of U.S. business in Donald Trump’s cabinet. Blackstone Group LP Chief Executive Officer Steve Schwarzman will chair the President’s Strategic and Policy Forum, a committee of business leaders that will advise Trump on job creation and economic growth.