Stephen Schwarzman on tax policy
From Blackstone CEO Steve Schwarzman Talks China, the Fed & More on 'What'd You Miss?' (09/15/16) · · Bloomberg Originals
“I believe that that at reducing the number of brackets to as few as possible and getting rid of virtually all tax preferences in favor of very low rates it is the right way to go. Simplicity is is is is a good thing. It makes sense to people it makes makes it you know it makes fairness sort of transparent and so forth. So so that's a good thing and countries that have adopted that type of policy have done quite well over time.”
On , Stephen Schwarzman, Chairman, Chief Executive Officer & Co-Founder at Blackstone Inc, spoke about tax policy during Blackstone CEO Steve Schwarzman Talks China, the Fed & More on 'What'd You Miss?' (09/15/16) on Bloomberg Originals.
About Stephen Schwarzman
Stephen Schwarzman, chairman, CEO and co-founder of Blackstone, has been discussing the firm's record financial results and its positioning in private markets. On the Q4 2025 earnings call, he reported that Blackstone achieved its best results in 40 years, with distributable earnings of $1.75 per share and a 20% increase in full-year distributable earnings to $5.7 billion. He has emphasized the firm's role as a business builder rather than a business buyer, citing its growth into areas such as AI-related infrastructure, where he stated Blackstone has become the largest investor globally with a portfolio of over $150 billion in data centers. Schwarzman has also addressed the expansion of alternatives into defined contribution retirement plans, describing it as an area of focus following a U.S. administration executive order, and noted a strategic alliance with Wellington and Vanguard to create integrated public-private investment solutions. Schwarzman has commented on market conditions and the private credit sector. On the Q1 2025 call, he described uncertainty around tariffs as impacting investor sentiment, while asserting that Blackstone's business model is designed for periods of stress, citing its low net debt and $177 billion in dry powder. He has pushed back against external assertions that private credit poses systemic risk, noting that Treasury and Federal Reserve leaders have not seen such risk, and argued that defaults in focus resulted from bank-led credits, not private credit. On the Q1 2026 call, he stated that the firm raised $62 billion in inflows in the quarter, the highest in three years, and expressed confidence that private credit products can deliver premium returns over liquid markets. In a March 2026 interview at Citi, Schwarzman discussed building a high-performance culture, depersonalizing decision-making, and supporting employees through mistakes, as well as his philanthropic work including the Schwarzman Scholars program.