A billionaire member of their political network (and resident of David Koch’s Park Avenue apartment building) was also apoplectic about the president’s mere suggestion that private equity guys like him should pay taxes on their incomes at an income tax rate of 35 percent, as it was then, instead of the capital gains rate of 15 percent. “It’s a war,” Stephen Schwarzman remarked. “It’s like when Hitler invaded Poland in 1939.”

