“On behalf of our companies representing 93 million investors, I applaud the House and Senate tax conferees in reaching an agreement to extend by two years the current tax treatment of capital gains and dividends,” said Marc Lackritz, president of SIA. “More than half of America’s taxpaying seniors receive dividends, and many of them rely on these checks for a steady source of income in retirement. This is broad based tax reform – nearly 60 percent of the taxpayers who benefit from these rates make less than $100,000 annually.”
“The President and Congressional Leaders clearly understand the vital importance of insuring certainty and stability for investors – especially seniors – and to the financial markets. In addition, the 78 million Baby Boomers who are now entering retirement will continue to receive much needed benefits derived from this provision,” added Richard Hunt, senior vice president, federal policy. ”This extension is the crown jewel of the tax reforms enacted during the Bush Administration. It has produced over 5 million new jobs and record economic growth.”
