Unless Congress treads lightly on delicate private equity and buyout firms like The Blackstone Group, we could see an end to entrepreneurship as we know it, the Bush administration warned this week. But under current tax law it could take Blackstone a mere 15 years to get back all the taxes it paid — plus pocketing an extra $200 million — on the $4.75 billion it made from going public on June 22.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=180396