Political Capital

Private Equity

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Bloomberg by the Numbers: $1,259

    Each U.S. taxpayer would have to pay $1,259 on average to recoup revenue lost to corporations and individuals who use offshore tax havens.  ”The United States loses approximately $184 billion in federal and state revenue each year due...

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Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee proposed restructuring the U.S. tax code on Feb. 26, 2014.

Blackstone, Other Private Equities Face Corporate Tax Rates in Reform

Blackstone Group, KKR & Co. and other publicly traded private equity firms would be forced to go private or pay the corporate income tax under a plan from the top Republican tax writer in Congress. The proposal from Rep. Dave...

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Carlyle Group co-founder and Magna Carta owner David Rubenstein, right, and Archivist of the U.S. David Ferriero, unveil the 1297 Magna Carta in its new state-of-the-art encasement at the National Archives in Washington.

Photograph by Manuel Balce Ceneta/AP Photo

Carlyle Group co-founder and Magna Carta owner David Rubenstein, right, and Archivist of the U.S. David Ferriero, unveil the 1297 Magna Carta in its new state-of-the-art encasement at the National Archives in Washington.

Rubenstein: ‘How’d You Look at 800?’

Billionaire and Carlyle Group co-founder David Rubenstein showed off one of his prized possessions today: His copy of the Magna Carta from 1297. “For 800 years old, it looks pretty good,” he said. “Imagine how you would look if you...

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Sean Eldridge, president of Hudson River Ventures, left, and Chris Hughes, editor-in-chief and publisher of The New Republic and a founder of Facebook Inc., attend the Paris Review Spring Revel gala in New York.

Photograph by Amanda Gordon/Bloomberg

Sean Eldridge, president of Hudson River Ventures, left, and Chris Hughes, editor-in-chief and publisher of The New Republic and a founder of Facebook Inc., attend the Paris Review Spring Revel gala in New York.

Eldridge, Husband of Facebook Co-Founder, Officially Enters House Race

House Democrats have landed one of their top recruits for the 2014 election cycle, investor Sean Eldridge, husband of Facebook co-founder Chris Hughes, the owner of the New Republic. He first filed papers with the Federal Election Commission in February and...

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Sen. Ted Cruz (R-TX), left, and U.S. Sen. Rand Paul (R-KY) arrive for the 'Exempt America from Obamacare' rally, on Capitol Hill, on September 10, 2013 in Washington, DC.

Photograph by Drew Angerer/Getty Image

Sen. Ted Cruz (R-TX), left, and U.S. Sen. Rand Paul (R-KY) arrive for the 'Exempt America from Obamacare' rally, on Capitol Hill, on September 10, 2013 in Washington, DC.

Cruz: Gov’t Shutdown ‘Misnomer’ — Suspension of the ‘Non-Essential’

There’s nothing to fear in a government shutdown but the fear itself. That’s Sen. Ted Cruz’s message as he presses Republican colleagues to stand firm against an extension of federal spending at month’s end unless it includes a “defunding” of...

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President Barack Obama goes to lunch at Nancy's in Oak Bluffs on August 25, 2010 while vacationing on Martha's Vineyard, Massachusetts.

Photograph by Darren McCollester/Getty Images

President Barack Obama goes to lunch at Nancy's in Oak Bluffs on August 25, 2010 while vacationing on Martha's Vineyard, Massachusetts.

Obama’s Vacation Infinity Pool

President Barack Obama will spend his August vacation in a multimillion-dollar modernist Martha’s Vineyard estate owned by Chicago investment banker and Democratic Party donor David Schulte. The 5,000-square-foot, four-bedroom home sits on nine-and-a-half acres in Chilmark, Massachusetts, and includes an...

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Stephen Schwarzman, chairman and chief executive officer of Blackstone Group LP.

Photograph by Simon Dawson/Bloomberg

Stephen Schwarzman, chairman and chief executive officer of Blackstone Group LP.

Blackstone’s Schwarzman Aids South Dakota’s Thune

Sen. John Thune of South Dakota, third-ranking Republican in the chamber, raised $478,000 for his political action committee this year from donors including Blackstone Group LP Chief Executive Officer Stephen Schwarzman. Schwarzman, a billionaire who leads the world’s biggest private...

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Retired U.S. Army general Wesley Clark sits on a panel hosted by the Clinton Foundation to recognize 15-year anniversary of the Dayton accords on February 9, 2011 in New York City.

Photograph by Spencer Platt/Getty Images

Retired U.S. Army general Wesley Clark sits on a panel hosted by the Clinton Foundation to recognize 15-year anniversary of the Dayton accords on February 9, 2011 in New York City.

Private Equity’s Dueling Generals – Clark Sees ‘Opportunity’

Updated at 4:45 pm EDT with Clark interview You’ve been to hell and back, fighting the most advanced wars in history. In the process, not only has the array of stars on your shoulders swelled, but so has your Rolodex:...

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Retired Army General David Petraeus, pictured as the top U.S. commander in Iraq, in 2007.

Photograph by Ken Cedeno/Bloomberg

Retired Army General David Petraeus, pictured as the top U.S. commander in Iraq, in 2007.

Petraeus ‘All In’ for Private Equity?

  KKR & Co.  the private-equity firm run by Henry Kravis and George Roberts, is in discussions with former Central Intelligence Agency Director David Petraeus about a role at the company, according to a person with knowledge of the talks....

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Larry Ellison, chief executive officer of Oracle Corp., at the Oracle OpenWorld 2011 conference in San Francisco.

Photograph by David Paul Morris/Bloomberg

Larry Ellison, chief executive officer of Oracle Corp., at the Oracle OpenWorld 2011 conference in San Francisco.

Techs, Pharmaceuticals Seek Territorial Taxation

Technology and pharmaceutical companies such as Cisco Systems, Oracle and Johnson & Johnson have formed a new coalition to push for lighter taxes on income earned outside the U.S. The LIFT America Coalition — that’s Let’s Invest for Tomorrow —...

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