Venture's Taxing Problem.

The article reports on the decision of the U.S. House of Representatives to approve the American Jobs and Closing Tax Loopholes Act of 2010, which will raise taxes on venture and private equity firms. Taxation on profits gained from investments known as carried interest will be increased under the bill. The legislation proposes to treat 75% of carrier interest as income tax. A group of academic institutions and researchers claimed that the bill would have adverse impact on employment.