Today, more than 100 organizations from across the startup ecosystem—startups, startup investors, and startup support organizations—sent a letter to Congressional leadership highlighting the importance of the current tax treatment of Qualified Small Business Stock (QSBS).
The current tax treatment of QSBS is essential to support startup growth and further the geographic spread of startup investment all across the country. QSBS rewards entrepreneurs for taking on the risk of starting a company, helps founders recruit the talent needed to grow their startup, and incentivizes investors to back them with the capital they need to thrive.
Startups drive American innovation, contribute significantly to economic growth, and create jobs in our communities. To support startups, Congress must preserve the current tax treatment of QSBS, not undermine it in any future legislation.
Read the letter and see the organizations that signed here.
