On Friday, the House of Representatives passed a bill that would do many things, including raising the taxes that venture capitalists pay on capital gains. In so doing, Congress is taking a page from Willie Sutton -- who famously said he robbed banks because that's where the money was -- and turning that page on its side.
Ten years ago venture capital, or VC, was where the money was. But not anymore -- the costs of this tax change will exceed its benefits.
To read the full, original article click on this link: Kicking Venture Capital When It's Down Won't Add to Tax Revenues - DailyFinance
Author:PETER COHAN
See full article from DailyFinance: http://srph.it/bioVDv
