The U.S. House of Representatives is warning that raising long-term capital gains on mutual fund investors any higher than they already are will seriously impair the markets, shareholders and, eventually, retirees.

Citing a recent Lipper report, the U.S. Joint Economic Committee underscored the $16.7 billion in additional capital gains that shareholders paid in tax year 2007, for a total bill of $334.0 billion, up from $233.8 billion in 2006.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.