Dear editor:
Wyoming thrives when local businesses have the freedom and support to grow. Over the past decade, private equity investments have significantly contributed to our state's economy, adding $3 billion to Wyoming's GDP and directly supporting approximately 18,000 jobs.
These figures represent more than just numbers; they reflect the livelihoods, families, and communities deeply rooted in our state's heritage.
Today, Washington is discussing tax changes that could seriously jeopardize the hard-won benefits for our economy.
Proposals to increase taxes on investments, primarily carried interest, threaten to cut off crucial funding that supports innovation, business growth, and new job opportunities throughout Wyoming.
Currently, 22 private equity-backed companies operate in essential sectors, including energy, agriculture, technology, and manufacturing, all of which are vital to our local economy.
Raising taxes at this time would significantly disrupt this ecosystem, deter investors, and put thousands of Wyoming jobs at risk.
Wyoming needs ongoing access to stable investment capital to foster innovation, diversify our economy, and remain competitive. Local businesses consistently demonstrate their ability to succeed when they receive the right support.
Our lawmakers must continue to acknowledge this and safeguard the incentives promoting investment in our state's future.
I strongly urge Congress to reject unnecessary tax increases on carried interest and instead support policies that promote job creation, foster economic stability, and promote long-term prosperity for Wyoming's workers and communities.
Our businesses and families deserve policies that foster growth, not ones that limit our potential.
Sincerely,
Amanda Henry, Riverton
