Commercial Real Estate Coalition Formed on Carried Interest
The CCIM Institute is in a coalition monitoring potential proposals on carried interest from the federal Deficit Reduction or Super Committee. No legislative proposals have been made public at this point. Although nothing is proposed, as a coalition we decided to communicate our position on carried interest as this will have unintended and far reaching consequences if carried interest rates are increased. This week we issued a letter to Sen. Patty Murray and Rep. Jeb Hensarling, the committee’s co-chairs. The letter contains several reasons why carried interest tax rates should not change.
In closing, the letter summarizes "increasing the tax on carried interest will hurt entrepreneurship, investment in communities and job creation in commercial real estate at a time when the economy is still struggling under the weight of a 9.1% unemployment rate."
Read the full letter (17Kb, PDF).