Source: Town Hall
by Stephen Moore
“What is it about politicians in Washington that they just can’t stand progress or the thought of anyone getting rich? That’s the attitude of many Democrats in Congress as they try to cripple the private equity and venture capital industries with higher tax rates. These financers are some of the most dynamic risk-takers on the economic playing field. They are disrupting the old stodgy banking and Wall Street financing networks. The PE and VC track records in funding small businesses and turning them into the future gazelles is almost a uniquely American success story. But now, thanks to the industry’s winning track record in saving companies and jobs and making people rich, Washington thinks they are doing TOO well and wants to raise the tax rate on the industry by nearly 50%..” (04/16/25)