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Thousands Petition Senate Against Proposed VC Tax Hikes
The National Venture Capital Association (NVCA) announced Tuesday that it delivered letters signed by over 1,700 members of the entrepreneurial community to each U.S. Senator in hopes of raising awareness of potentially harmful legislation. The Senate is considering financial reforms that could eliminate capital gains tax incentives for venture capital carried interest, which the NVCA says could lead to a severe decline in VC investments.
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