Liz Mair weighs in on the carried interest debate in Here’s Why Not to Hike Taxes on Carried Interest:

[Al] Gore is joining a venture capital firm that invests in companies pursuing environmentally-friendly technologies– a good thing, in my opinion. And, it turns out that Gore is going to take away from his position with the firm — and keep — his share of the carried interest that gets paid to partners, and which relates directly to the amount of capital growth experienced in the firm’s portfolio (Gore is apparently donating his actual salary to a non-profit group he founded). …[This is] just this kind of payment — in respect of carried interest– that congressional Democrats are trying to hike taxes on, and by quite a large amount, too. …

We need more private investment into green companies, not less, and I fear that these tax hikes, if enacted, will have the latter effect.

(Hat Tip:  Soren Dayton.)