Patriotic Millionaires: Kushner Payouts Keep Carried Interest Open

Thursday, March 01

For Immediate Release

March 1, 2018

Contact: Sasha Grodsky

[email protected]

202-446-0489

Carried Interest Quid Pro Quo Questionable at Best

Washington, DC- Following reports that Kushner Companies received large loans from Apollo Global Management and Citigroup, and that Jared Kushner took official White House meetings with representatives from both groups, Chair of the Patriotic Millionaires and former managing director at BlackRock Inc, Morris Pearl issued the following statement:

“We don’t want to accuse anyone of inappropriate conduct, but the timeline of Kushner’s meetings with the executives from Apollo and Citigroup is questionable at best. Looking at the large loans the Kushner Companies received and at the Trump Administration’s subsequent one-eighty on closing the carried interest loophole, there is little room for doubt that corruption and pay-to-play politics are to blame for the continued existence of this egregious loophole.”

To schedule an interview or for further comment, please contact Sasha Grodsky at [email protected].

 

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About the Patriotic Millionaires

Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system. You can find out more at http://patrioticmillionaires.org/about/

The Patriotic Millionaires have appeared on hundreds of media outlets here and abroad, including The Daily Show with Jon Stewart, the PBS NewsHour, The New York Times, Washington Post, CNN, MSNBC, Fox News, and many others. You can find more coverage at http://patrioticmillionaires.org/media

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