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Tech investor Alan Patricof not worried about capital gains tax hike

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Alan Patricof, a longtime tech investor and Democratic donor, told CNBC on Monday he is not concerned about the prospect of higher capital gains taxes for wealthy Americans.

In an interview on “Closing Bell,” the co-founder of venture capital firm Greycroft did not throw his support behind a specific rate for the capital gains tax. He also suggested the proposal recently put out by President Joe Biden will likely “be modified in some way” after negotiations in Congress, where Republicans have expressed opposition.

However, Patricof said behavior is unlikely to be swayed by a capital gains tax increase, particularly as it relates to investing in young companies. Some venture capitalists,…



Source cnbc.com

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