The U.S. Chamber released a study this week that shows that proposed tax increases on carried interest—a share of investment profits that partnership managers are allowed to keep—would impact a variety of industries and harm U.S. competitiveness.

Released a day ahead of congressional hearings on whether to raise the taxes from 15% to 35%, the Chamber report found that a tax hike targeted at hedge funds and private equity firms would also be detrimental to industries such as real estate, manufacturing, and retail, as well as pension funds.

Read the report.