Senator Brown Seeks Venture Capitalist Waiver From Fund Tax Increase

May 13 (Bloomberg) — Four Senate Democrats and Republican Scott Brown of Massachusetts are seeking to exempt venture capital firms from a tax increase on managers of investment partnerships that a White House official predicted is imminent.

Brown, along with Democratic Senators Patty Murray of Washington, Mark Warner of Virginia, Bob Casey of Pennsylvania and Jeanne Shaheen of New Hampshire, said subjecting venture firms to higher tax rates on so-called carried interest would hurt job creation and “could not occur at a worse time.”  Continue…