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Today, Fox Business published an op-ed penned by Steve Forbes urging Congress to reject legislation introduced last month that would punish investment by changing the treatment of carried-interest capital-gains in the tax code. Read the full op-ed here. Hiking the tax on carried interest capital gains is a lose, lose, lose Fox Business By Steve Forbes April 17, […]

WASHINGTON, D.C. — Today, Dr. Charles Swenson of the University of Southern California’s Marshall School of Business released a study analyzing the economic effects of a proposal to increase the carried-interest capital-gains tax rate in New York. Dr. Swenson finds that imposing such a massive tax would: Cause an exodus of the private funds industry from […]

WASHINGTON, D.C. – Today, American Investment Council President and CEO Drew Maloney issued the following statement regarding legislation proposed by Sen. Tammy Baldwin (D-WI) and Rep. Bill Pascrell (D-NJ) that would change the treatment of carried interest in the tax code: “Sen. Baldwin and Rep. Pascrell’s discriminatory tax increase has been rejected repeatedly by economists, […]