The National Venture Capital Association, echoing a message it delivered to Republican presidential candidate Donald Trump earlier this week, criticized Democratic standard-bearer Hillary Clinton on Thursday for proposing an end to the special tax treatment of carried interest.

In a major economic address in Detroit, Clinton reiterated her intent to close the carried interest loophole. Trump staked out a similar position in a speech on Monday.

“In an election season driven by a strong undercurrent of populism, it’s unfortunate to see Hillary Clinton take this misguided position based more on politics of the moment than on sound economic policy,” said NVCA President Bobby Franklin in a statement.

“Carried interest is the incentive that creates and drives venture capital investment in America,” the statement read. “Doubling the tax rate on carried interest earned by venture capitalists will only serve to discourage risky long-term investment into startups, creating a roadblock to innovation and disrupting one of the key drivers of our economic success.”

The trade group called for discussions on ways to use to tax policy to build more companies.