Wednesday , November 28, 2012 - 1:52 PM
As we struggle toward an economic recovery, I urge our lawmakers to make wise decisions before the expiration of the 2003 tax cuts on December 31, 2012.
Raising taxes on dividends from a maximum 15 percent to a maximum 39.6 percent is not wise. It undercuts the very companies we need in any recovery. It will result in reduced investments in these companies and will immediately negatively affect direct shareholders, workers, and anyone who owns indirectly through investment funds – including most retirees.
Extending the tax rates is good for business and the economy as a whole.
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