America needs Congress to
make today’s capital gains and
dividends tax rates permanent
to support economic growth
and job creation.
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Higher capital gains and dividend tax rates hamper U.S. competitiveness.
U.S. will lose its competitive edge by raising taxes on capital gains.Double taxation discourages dividend payments
Corporate profits are taxed twice – first at the corporate level, and later at the individual level when companies pay their shareholders dividends. This double taxation will be exacerbated if: (1) the dividend tax rate increases; and (2) the tax rates for dividends and capital gains are “decoupled.” If Congress fails to either extend or make permanent the current rates, both will occur.
Commentary: A capital gains hike would hit Detroit hard
May 15, 2012 • The Detroit NewsJohn Snow: 'Taxmaggedon' Is a Real Threat
May 13, 2012 • Wall Street JournalTaxmageddon: Dividend Taxes
May 9, 2012 • CNBC
