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For more than 30 years, carried interest has been taxed at the long term capital gains tax rate. This tax rate has served as an important incentive for long term investment in high risk start-up companies. However, Congress has recently proposed to change the tax rate to ordinary income in order to raise revenue to pay for tax credits, such as the R&D tax credit, that expired at the end of 2009. This policy would essentially double the taxes for venture capitalists — our country's job creators, discouraging investment in new companies at a time when Congress should be doing all it can to support the start-up ecosystem.
The Latest Developments
 NVCA Applauds President’s Call to Accelerate Clean Energy Economy - June 2010
NVCA's Reaction to Senate Carried Interest Proposal - June 2010
House Discourages Job Creation With Passage of HR 4213 - May 2010
Mr. President: Academics Oppose Higher Carried Interest Tax - May 2010
NVCA Statement on HR 4213 - May 2010
5 US Senators Support Cap Gains for VC Carried Interest - May 2010
1400+ Entrepreneurs Urge Congress to Preserve Cap Gains Incentive for VC Carried Interest (Letter) - May 2010
Letter to Chairman Levin: Protect Michigan, Protect Venture Capital - May 2010
More Than 1700 Urge Senate to Protect VC Carried Interest (Letter) - May 2010
NVCA Carried Interest Ad in Politico - May 2010
Carried Interest Taxation Debate: Latest Developments & Frequently Asked Questions - April 2010
Summary of Tax Extenders Act of 2009
Carried Interest Legislation Q & A - Dec 2009
NVCA Letter to Congress on Carried Interest Taxation – November 2009
News
House of Representatives Penalizes Job Creators to Pay for Year End Tax Extensions
Zero to 35 in 24 Hours: The House raises taxes on carried interest
- Printed in the Wall Street Journal on December 10, 2009
Tax change would cloud Florida's recovery (OpEd) - Tampa Bay Online, Decmeber 20, 2009
A Wrong Turn on the Way to Recovery (OpEd) - Business Week, December 23, 2009
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