Elizabeth Warren recently announced her proposal to change how private equity firms are taxed, a plan that would surely benefit lobbyists and advocates representing the industry and investors.
Public Policy & Regulation Senior Public Affairs Advisor Paolo Mastrangelo noted that this proposal would encourage change in the private equity industry that could satisfy both sides and prevent more lawmaker involvement.
"It will push window open a bit to give them more reason to say 'OK, now we have these more extreme proposals from these senators and other folks who don't really understand the industry,'" Mr. Mastrangelo commented. "You are going to have some investors and [private equity firms] being like, 'Oh, this is going to drive a discussion to where we don't want it to go.'
READ: Elizabeth Warren's Attack on Private Equity Could Have a Surprising Group of Backers: Investors in Private Equity (Subscription Required)
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