A few weeks ago I wrote how important Senators Snowe and Collins were to the success or failure of the “carried interest” tax hike bill.  Now Maine Watchdog has picked up the issue with their own story.

“Mike Burgmaier, a former Maine-based venture capitalist, said the potential changes could have “pretty significant and negative impacts on the formation of capital funds, which, in turn, could affect small business growth.”

If passed, the American Jobs and Closing Tax Loopholes Act would raise the tax rate on “carried interest,” the share of profits earned by venture capital funds”

As of last night, on three separate votes, Senators Snowe and Collins have continued to stand with other GOP members to oppose the “carried interest” tax hike.

I am sure they are receiving a lot of pressure from left-of-center groups on this issue and it is great to see them holding firm against this massive tax increase.  Kudos to both of Maine’s Senators.