SBIA letter re: Capital Gains tax increases

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.

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