Where's the Beef or Entrepreneurship?

Full Article at Forbes.com, By Sramana Mitra

A growing concern is the current lack of policy to support entrepreneurship from this administration, especially bootstrapped entrepreneurship. As the government tries to assess what might stimulate entrepreneurship, I don't see many "practitioners" of true entrepreneurship represented on President Obama's advisory council. Who represents the voice of the bootstrapped entrepreneur in the government? Who understands the extreme cash-strapped conditions under which entrepreneurs operate? Without understanding, how can they design an effective system?
...In fact, this week, there was some whining from the venture capital industry about a tax increase for carried interest per the Obama budget proposal. The administration proposes raising taxes on these firms' general partners by treating carried interest, the portion of profits they take from successful investments, as ordinary income instead of capital gains. That change would increase the tax rate, starting in 2011, to 39.6% from the current 15% level.