As a small business owner in North Louisiana, I know firsthand how vital investment is for growing businesses, creating jobs, and strengthening our local economy. The current tax treatment of carried interest plays a crucial role in ensuring capital flows into businesses. Yet, Washington is once again considering tax increases on carried interest, threatening the very investments that fuel Louisiana’s economy.
Private equity-backed investments support 141,000 jobs in Louisiana and contribute $20 billion to our state’s GDP. With 85% of private equity-backed companies being small businesses, these investments are a lifeline for job creation and innovation across our communities.
Raising taxes on carried interest would discourage long-term investment and reduce access to the capital that many Louisiana businesses need to grow. The Congressional Budget Office estimates that a proposed tax increase would raise just $13 billion over ten years—less than a day of federal spending—while potentially eliminating 4.9 million jobs nationwide over the next five years. That’s a risk we simply cannot afford.
Congress must reject efforts to increase taxes on carried interest and instead focus on policies that encourage investment, fuel job growth, and support small businesses. A tax hike would stifle the very economic opportunity we need to keep Louisiana competitive and thriving.
Anonymous
