May 21, 2025 IPAA Urges Preservation of Carried Interest Tax Provision
Dear Speaker Johnson and Majority Leader Thune:
On behalf of America’s independent oil and natural gas producers, the Independent Petroleum Association of America (IPAA) urges you to help preserve the current tax treatment of carried interest to protect energy investment, support job creation, and ensure the continued growth of a resilient, domestically powered energy economy. …
The carried interest structure is a well-established mechanism that rewards long-term investment and risk-taking. It is particularly critical in the oil and natural gas industry, where smaller, independent companies often partner with private equity investors to raise the capital needed to explore, drill, and produce America’s energy resources. Nowhere is this model more embedded-or more vital-than in the Gulf Coast states, where these partnerships drive innovation, economic growth, and energy resilience. …
