SBIA letter re: Capital Gains tax increases
June 18, 2021
The Honorable Ron Wyden The Honorable Michael Crapo
Chairman Ranking Member
Committee on Finance Committee on Finance
United States Senate United States Senate
Washington, DC 20510 Washington, DC 20510
The Honorable Richard Neal The Honorable Kevin Brady
Chairman Ranking Member
Ways and Means Committee Ways and Means Committee
U.S. House of Representatives U.S. House of Representatives
Washington, DC 20515 Washington, DC 20515
Re: Proposed Taxes on Long-Term Capital Gains
Dear Chairman Wyden, Ranking Member Crapo, Chairman Neal, and Ranking Member Brady:
The undersigned organizations work alongside small businesses across the United States as investors and strategic partners, helping these businesses grow, hire new workers, and make a positive impact on their local communities. We write to express our deep concern over current proposals in Congress that would unfairly tax investments made in small businesses, making it exceedingly harder for our economy to fully recover from the pandemic.