Venture Capital Industry Testifies Before House Ways and Means Committee That Changes to Carried Interest Tax Policy Will Harm U.S. Entrepreneurship
U.S. Newswire, September, 2007
To: POLITICAL EDITORS
Contact: Emily Mendell of NVCA, 1-610-565-3904, emendell@nvca.org; or Channa Luma of The Weiser Group for NVCA, 1- 302-368-2345, cluma@weisergroup.com
WASHINGTON, Sept. 6 /PRNewswire-USNewswire/ -- Jonathan Silver, a member of the National Venture Capital Association (NVCA) and founder of Core Capital Partners in Washington, D.C., testified today before the House of Representatives Ways and Means Committee that increasing the tax rate for venture capital carried interest could damage the entrepreneurial ecosystem in the United States. Mr. Silver was invited to testify before Congress in response to HR 2834, a bill that as currently written would increase the taxes that venture capitalists pay when they fund successful private companies. Mr....
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