NVCA Board Members Meet in Washington to Discuss Stifling Effects of Carried Interest Tax Bill on Start-Up Companies and Innovation
U.S. Newswire, September, 2007
To: POLITICAL EDITORS
Contact: Emily Mendell, NVCA, 1-610-565-3904, emendell@nvca.org; or Channa Luma, The Weiser Group, 1-202-641-6959, cluma@weisergroup.com
WASHINGTON, Sept. 18 /PRNewswire-USNewswire/ -- The National Venture Capital Association's (NVCA) Board of Directors gathered today in the nation's capital to discuss deep concerns over the impact of proposed legislation to increase taxes on venture capitalists who successfully build new companies. The legislation, which has been proposed in the House of Representatives, targets carried interest compensation and would impact a number of asset classes. However, according to the NVCA, by increasing taxes on venture capitalists, Congress could be hurting the start-up community which has been responsible for...
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