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2.7 MB
Extraction Summary
6
People
8
Organizations
6
Locations
1
Events
1
Relationships
4
Quotes
Document Information
Type:
News article / web printout
File Size:
2.7 MB
Summary
This document is a printout of a Wall Street Journal article from February 26, 2014, reporting on comments made by Carlyle Group co-founder David Rubenstein at a conference in Berlin. Rubenstein predicted that U.S. tax reform legislation affecting private-equity 'carried interest' profits, proposed by Rep. Dave Camp, was unlikely to pass due to political factors including Max Baucus's departure to China. The document bears a House Oversight stamp.
People (6)
| Name | Role | Context |
|---|---|---|
| David Rubenstein | Co-founder, Carlyle Group LP |
Speaking at SuperReturn conference; doubts tax reform on private equity will pass.
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| Mike Spector | Author |
Writer of the WSJ article.
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| Dave Camp | Chairman, U.S. House Ways and Means Committee |
Republican from Michigan; proposed cleaning up 'carried interest' tax treatment.
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| Max Baucus | U.S. Ambassador to China |
Montana Democrat; former chairman of Senate Finance Committee; his departure confirmed lowering chances of legislation.
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| Ken Fisher | Forbes columnist |
Mentioned in the advertisement at the top of the page.
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| Kravis | Private Equity figure |
Mentioned in sidebar: 'Kravis Warns on Debt Levels'.
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Organizations (8)
| Name | Type | Context |
|---|---|---|
| Carlyle Group LP |
Private equity firm co-founded by David Rubenstein.
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| Wall Street Journal |
Publisher of the article and the opinion piece by Dave Camp.
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| U.S. House Ways and Means Committee |
Chaired by Dave Camp.
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| Senate Finance Committee |
Previously chaired by Max Baucus.
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| Fisher Investments |
Advertiser at the top of the document.
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| TPG |
Mentioned in sidebar regarding potential public offering.
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| Apollo |
Mentioned in sidebar regarding debt investment.
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| SuperReturn International |
Private-equity conference in Germany.
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Timeline (1 events)
2014-02-26
Locations (6)
| Location | Context |
|---|---|
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Location of the SuperReturn conference and dateline of article.
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Country where the conference was held.
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Location where Carlyle Group is based.
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State represented by Dave Camp.
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State represented by Max Baucus.
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Location where Max Baucus is serving as Ambassador.
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Relationships (1)
Rubenstein commented on Camp's legislative proposals regarding tax reform.
Key Quotes (4)
"U.S. lawmakers are 'unlikely' to take up legislation this year that could potentially increase taxes on deal profits reaped by private-equity managers."Source
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Quote #1
"We can clean up provisions like carried interest that allow certain private-equity firms to get the investment-income tax rate on what anyone else would call normal wage income"Source
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Quote #2
"It's unlikely that will get into law"Source
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Quote #3
"I don't think there is likely to be any tax reform legislation passed by this Congress at all."Source
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Quote #4
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