U.S. Chamber Report: Carried Interest Tax Increase Would Reduce Investment, Cause Widespread Job Loss, and Decrease Tax Revenue
U.S. Chamber study shows that increasing taxes on small business investment will only make it harder for small businesses to access capital and grow.
WASHINGTON, D.C. (September 7, 2021) – The Small Business Investor Alliance (SBIA), the leading association for lower middle market private equity funds and investors, is proud to tell the stories of countless small business owners and their investors that grow businesses, support families, create retirement security, help provide scholarships and access to education and directly impact people and communities. Their contributions to small and medium-sized businesses across the country help create jobs and drive America’s economy. The U.S. Chamber of Commerce report released today is the latest study to show that increasing taxes on small business investment will only make it harder for small businesses to access capital and grow — with the ripple effect having a profoundly negative impact on the creation of jobs.
To create American jobs, to expand economic opportunity, to rebuild a domestic manufacturing base, to compete with China, and to solve our societal and environmental challenges – we need long-term, patient investment in America’s problem solvers and job creators. Through the Capital Gains Task Force, SBIA continues working to educate Congress that tax increases on long-term capital gains – on small business owners, their families and their investors – is the exact opposite of what we need to encourage new small businesses to open their doors, to empower small businesses to grow and hire, and to include all Americans in the prosperity of free enterprise.
About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.