Tax Reform Package Preserves Key Priorities, More Work Remains to Reform Tax Code to Better Support Startups
WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the U.S. Senate and House of Representatives passed the Republican tax reform package. The bill now heads to the desk of President Trump for his expected signature to sign the legislation into law.
“We are pleased to see a number of our priorities reflected in the final bill, and appreciate the efforts of policymakers to understand how certain tax changes, such as taxing stock options at vesting, carried interest capital gains, the Qualified Small Business Stock rules and taxing graduate student tuition waivers, would have negatively impacted the entrepreneurial business model,” said Bobby Franklin, President and CEO of NVCA. “However, we think more steps could have been taken to better support U.S. entrepreneurial activity. With this tax reform package now complete, we look forward to educating policymakers of the important economic power of our nation’s startups so that they can consider further changes to the tax code to spur new company formation.”
