Feb 20, 2020 - Politics & Policy

Klobuchar calls for Bloomberg to release tax returns

Buttigieg and Klobuchar in Nevada on Feb. 19. Photo: Mario Tama/Getty Images

Minnesota Sen. Amy Klobuchar targeted Michael Bloomberg for not releasing his tax returns, comparing the former New York mayor's reluctance to President Trump's court battle over releasing his returns.

What she's saying: "I don't care how much money anyone has, I think it's great you got a lot of money, but I think you've got to come forward with your tax returns," Klobuchar said, reminding the audience that Trump "has been hiding behind his tax returns."

What he's saying: Bloomberg said that his tax returns when released will detail all of his investments, finances and donations. "I can't go to TurboTax," he said, claiming that the return will be thousands of pages and takes time to assemble.

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Debate night: Democrats fight for make-or-break moments in Nevada

Photo: Ethan Miller/Getty Images.

Billionaire Michael Bloomberg defended his wealth to his Democratic competitors in his debate debut, while Sen. Bernie Sanders, a front-runner, faced comparisons to President Trump over his populist appeals, at the ninth Democratic debate in Las Vegas Wednesday just days before the Nevada caucuses.

The big picture: Sanders argued that Bloomberg's version of centrism won't produce the voter turnout needed to beat Trump. Bloomberg retorted that he doesn't think there's "any chance, whatsoever" of Sanders beating Trump and struck at the senator's Medicare for All plan.

Go deeperArrowUpdated Feb 20, 2020 - Politics & Policy

Private equity returns fell behind stocks over the past decade

Illustration: Aïda Amer/Axios

U.S. private equity returns fell just below S&P 500 returns for the 10-year period ending last June, according to a report released Monday morning by Bain & Company.

Why it matters: Private equity markets itself as beating public markets over long-term time horizons, and usually providing an illiquidity premium to boot. These new performance figures not only dent such claims, but provide fresh ammunition to critics of public pension investment in private equity funds.

Warren launches at Bloomberg: We can't "substitute one arrogant billionaire for another"

Bloomberg in Las Vegas, Nevada on Feb. 19. Photo: Bridget Bennett/AFP via Getty Images

Sen. Elizabeth at Wednesday's Democratic debate painted New York Mayor Michael Bloomberg as the same kind of racist and sexist that Democrats have repeatedly accused President Trump of being.

What she's saying: "I'd like to talk about who we're running against. We're talking about a billionaire who calls women fat broads and horse-faced lesbians. And no, I'm not talking about Donald Trump, I'm talking about Mayor Bloomberg."