Blackstone, Carlyle, KKR, Apollo just got their own little loophole in the tax bill. Cornyn amendment 1715 (to be included in manager's amendment). PTP income, but not other financial services income, gets 23% passthrough deduction.

Blackstone, Carlyle, KKR, Apollo just got their own little loophole in the tax bill. Cornyn amendment 1715 (to be included in manager's amendment). PTP income, but not other financial services income, gets 23% passthrough deduction.

— Victor Fleischer (@vicfleischer) December 1, 2017

Wow. A special perk for private equity firms - the richest of the rich - slipped into the bill at the last minute. https://t.co/D305L2nKDZ

— Topher Spiro (@TopherSpiro) December 1, 2017