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June 26, 2015: Chicago – The Association for Corporate Growth® (ACG), the global organization focused on driving middle-market growth issued the following statement regarding the Carried Interest Fairness Act of 2015, introduced by Congressman Sander Levin D-Mich., in the U.S. Representatives, and Senator Tammy Baldwin, D-Wis., in the U.S. Senate:
"This bill will severely impact job creation and will harm innovation and entrepreneurship. Middle-market private equity generates American jobs and helps grow local businesses. Last year alone, middle-market private equity injected more than $360 billion into the U.S. economy and strengthened thousands of midsize companies across 50 states and in all 435 congressional districts," said Gary A. LaBranche, FASAE, CAE, president & CEO of ACG. "Raising taxes on carried interest would destabilize local investment and discourage job growth. Furthermore, the Carried Interest Fairness Act discriminates against investment partnerships, thereby creating a disincentive for entrepreneurial investment in our local middle-market communities."
For more information about ACG, please visit www.acg.org.
Contact: Amber Landis, Vice President, Public Policy
Telephone: 312-957-4272
Mobile: 231-740-5194
Email: alandis@acg.org
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About Association for Corporate Growth
Founded in 1954, ACG has 59 chapters across the globe. ACG’s worldwide network comprises 90,000 professionals within the middle market, including 14,500 members who serve as the investors, lenders, owners, executives and advisers to growing middle-market companies. ACG’s mission is to drive middle-market growth.
Jun 26 2015