GOP Must Fight Tax Increases On Carried Interest

For the last four years, Congressional Republicans have been steadfast in supporting pro-growth tax policies and opposing every single Democratic proposal to raise tax rates on work, saving, and investment. They will soon have another chance to protect the economy and reject the latest anti-growth, anti-investment tax increase.

Nineteen free market groups have sent a letter to Congress urging Members to reject legislation to raise taxes on carried interest investment income. This legislation has been introduced by Senators Tammy Baldwin, Elizabeth Warren, and Bernie Sanders, and would increase the tax rate on this investment income by a staggering 70%, from 23.8% to 40.8%.