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National Venture Capital Association President, Bobby Franklin, believes that doubling the tax rate on carried interest for venture capitalists will serve to discourage risky long-term investment in startups. The NVCA made similar comments criticizing Donald Trump's carried interest plans, as well.
“Carried interest is the incentive that creates and drives venture capital investment in America,” the statement read. “Doubling the tax rate on carried interest earned by venture capitalists will only serve to discourage risky long-term investment into startups, creating a roadblock to innovation and disrupting one of the key drivers of our economic success.”
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