“The 78 million Baby Boomers about to enter retirement need certainty and predictability of tax rates in order to plan for their future,” said Marc Lackritz, president of SIA. “This extension provides them with that assurance. SIA commends the leaders of the House for providing our next generation of retirees with the tools they need to begin their lives after leaving the workforce.”
“Extending the tax rates is good for the economy as well as the average investor. In the three years since the tax rates were first enacted, over 5 million jobs have been created and the GDP has grown by over 4 percent,” added Richard Hunt, senior vice president, federal policy. “This is broad based tax reform that benefits the average investor. Nearly 60 percent of the taxpayers who benefit from these rates make less than $100,000 annually.”
