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Carried interest repeal could stifle investments in startups, NVCA says
On Thursday, President Trump asked Republican lawmakers to end tax breaks on carried interest. The tax break allows private equity and venture fund
The tax break allows private equity and venture fund managers to treat their earnings from investments at a lower capital gains rate, rather than as ordinary income. “Carried interest encourages smart, high-risk investments in innovative high-growth startups,” National Venture Capital Association (NVCA) President and CEO Bobby Franklin said in a statement. Despite the NVCA’s concerns, the vast majority of capital invested in emerging tech companies comes from New York and Silicon Valley, with Northern California remaining particularly dominant.
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