Congress Presses Private Equity Tax Hikes: Why You Should Care

Tax Increase Would Punish Everyday Americans, Penalize Entrepreneurship and Drive Capital Overseas

"Congress, including some who are usually more reliable anti-tax members, now seeks to raise taxes on private equity partnerships, partnership performance fees and venture capital. But why should everyday Americans care?

After all, this particular tax would only target corporate fat cats who are gaming the tax code through high-priced accountants to avoid their fair share of taxes, right?

Wrong. This legislation would force .... "