Private equity is carefully watching the D.C. debate on corporate taxes, in which Senate Democrats seem to be settling on a 25% rate.
Zoom in: Marginal rates obviously matter, but for PE it's just an appetizer before the weedier work begins on issues like corporate interest deductibility.
Why it matters: Corporate interest deductibility is a straw that stirs the PE drink, better enabling buyout firms to finance acquisitions by adding debt to portfolio company balance sheets. READ MORE