1. United States
2. Texas
3. Letter

I’m writing to urge action on reforming the Qualified Small Business Stock (QSBS) exclusion—originally designed to support startup investment, but now heavily exploited by ultra-wealthy investors to avoid paying fair taxes. While small businesses are the backbone of innovation, QSBS has become a legal tax shelter. Tech investors in Silicon Valley and beyond are using aggressive estate planning and rollover tactics to repeatedly dodge capital gains taxes on tens or hundreds of millions in profit. This undermines faith in our tax system and shifts the burden onto everyday Americans. Congress must act to restore integrity and ensure the policy serves its original purpose—supporting genuine entrepreneurship, not enabling generational tax avoidance. I respectfully ask you to pursue meaningful reforms, including: - Capping lifetime exclusions to prevent serial abuse; - Tightening eligibility to benefit truly small businesses; - Limiting stacking and rollover strategies that amplify tax-free gains. Let’s make our tax code reflect fairness, not favoritism. I appreciate your service and urge you to stand for reform that benefits all Americans—not just the wealthiest few.