Drew Maloney, the president and CEO of American Investment Council (AIC) said the "top policy priority" after the upcoming presidential election will be "economic growth" and protecting jobs across the country. 

“Our top policy priority under the next administration and the next Congress is economic growth and ensuring that tax policy does not hinder investment across America," Maloney said in a press release. "The Tax Cuts and Jobs Act will expire next year, which could affect the industry."

"We work with policymakers on both sides of the aisle in Congress to educate them about what private equity provides in their communities, the number of jobs it supports, and the capital flows necessary to build businesses," said Maloney. "So, no matter who wins this election, next year will be very busy for the private equity and private credit industry.” 

Small and medium-sized enterprises (SMEs) employ approximately 60 million people across the U.S., which accounts for nearly half of the country's workforce. The U.S. Small Business Administration (SBA) defines SMEs as businesses with fewer than 500 employees.

SMEs contribute around 44% of the U.S. GDP, playing a vital role in driving economic growth, fostering innovation, and generating jobs. Their impact is felt across various sectors, underpinning the U.S. economy.

According to AIC, private equity-backed companies tend to offer higher wages compared to non-private equity firms. These companies often adopt performance-based compensation models and provide comprehensive benefits, resulting in enhanced overall pay for employees.

Drew Maloney, President and CEO of the American Investment Council, leads the organization’s efforts to promote the role of private equity in supporting the U.S. economy. The AIC advocates for policies that recognize private equity’s contributions, particularly its support of small and medium-sized enterprises (SMEs).