Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues.
Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators.
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It's free money.
Morris B Pearl and
When he was running for president last year, Donald Trump repeatedly promised to close the carried-interest loophole for most Wall Street billionaires, including the vast majority of private-equity and real-estate fund managers.
As president, he appears to be breaking that vow. As Treasury Secretary Steven Mnuchin explained in an appearance with Senator Mitch McConnell last month, the administration will instead keep the loophole open for funds that “create jobs.” This amounts to a loophole for the loophole, and parrots the widely discredited talking points of lobbyists for the private-equity industry (the people who benefit from the carried-interest loophole) who claim the funds create jobs. In reality, the funds are responsible for layoffs nearly as often as they are for job creation.