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Grassroots Conservatives to Congress and the President – Don’t Raise the Cost of Investment
Canada Free Press ^ | 01/30/17 | Megan Barth

Posted on 01/30/2017 5:45:44 PM PST by Sean_Anthony

Any tax increase that specifically targets private equity, venture capital, real estate and other long-term business investments is counterproductive to reaching that goal

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.


TOPICS: Business/Economy; Government; Politics
KEYWORDS: capitalgains; carriedinterest; costofinvestment; privateequity; spam

1 posted on 01/30/2017 5:45:44 PM PST by Sean_Anthony
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To: Sean_Anthony

How about hedge funds? Big Dem contributors


2 posted on 01/30/2017 5:57:44 PM PST by stocksthatgoup (Imagine that)
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To: Sean_Anthony

Everyone’s taxes should be lower. But, carried interest is a goody obtained from campaign contributions. Home builders, traders, salesman, etc. all get taxed at the ordinary income rate. Lower all taxes to a point where special interests at the cap gains rate have no gap to exploit.


3 posted on 01/30/2017 6:00:02 PM PST by major-pelham
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To: major-pelham

This is why I laugh at the flat taxers. The people aren’t giving up their tax privliges.


4 posted on 01/30/2017 6:17:25 PM PST by Wolfie
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