Any tax increase that specifically targets private equity, venture capital, real estate and other long-term business investments is counterproductive to reaching that goal
Grassroots Conservatives to Congress and the President – Don’t Raise the Cost of Investment
Margaret Thatcher reminded us that one of the problems with socialism is you “eventually run out of other people’s money,” but that doesn’t stop liberals like Senate Minority Leader Chuck Schumer (D-NY) from finding more sources. His latest crusade is an effort to increase taxes on investment income – namely carried interest capital gains.
For several years Schumer opposed increasing capital gains on carried interest, but now, after declaring he will work with President Trump when he “abandons” his party, is hoping to raise taxes. He cited an increase in taxes, particularly on carried interest, as an area where he is willing to work with the president.
