Labor & EconomyJune 21, 2016
How the Carried Interest Loophole Makes the Super-Rich Super-Richer
Leo Hindery Jr. remembers the call he got the night before he was to testify before Congress, in September of 2007, to close a tax loophole enjoyed by private equity investors. It was from Stephen Schwarzman, co-founder of the Blackstone Group, the largest private equity management firm in the U.S.