Letter opposes increase of tax on carried interest | Pelican Post - Online Newspaper

Letter opposes increase of tax on carried interest | Pelican Post - Online Newspaper

To the Editor: Some in Washington want to raise taxes on private investment by eliminating the current treatment of carried interest. That might sound like a Wall Street issue, but for Louisiana, it’s a direct hit to jobs, energy, and economic growth. Carried interest isn’t a loophole—it’s the way private equity investors are rewarded for putting long-term capital at risk. That risk capital is what fuels small business expansion, energy developm…