Filed under: Management, Taxes and regulations, Private equity industry

The Carlyle Group's managing director Bruce Rosenblum will among the latest of private equity honchos making their way to Capital Hill today to testify on the taxation issue. How long with these personnel marches continue? A while longer, apparently; also scheduled to appear are John Frank of Oaktree and Adam Ifshin of DLC Management.

Sounds a but like the bottom of the personnel barrel is being scraped. In any case, the big fish himself, Steve Schwarzman, has sent word he won't be stopping by the Hill any time soon ---according to Dealbook, he's relaxing in St. Tropez.

The political momentum seems to be building toward to tax rate change in the carried interest as both Hilary Clinton and Barack Obama have out last in favor of a change. But don't bet on it. Senator Chuck Schumer has indicated that he will oppose the tax plan,and watching Congress redefine a capital asset for taxation purposes would be a circus in itself.

 

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