SIFMA today issued the following statement from Kenneth E Bentsen, Jr., executive vice president, public policy and advocacy, after the introduction of The Tax Hike Prevention & Business Certainty Act in both the House of Representatives and Senate by Rep. Peter Roskam (Ill.) and Sen. Mike Crapo (Idaho) to make permanent the current tax rates on capital gains and dividends.
“Our economy remains fragile and lawmakers must address it with policies that will encourage investment in our economy and create jobs. We applaud Congressman Roskam and Senator Crapo for introducing legislation that would do just that by making permanent the current 15 percent tax rate on capital gains and dividends, which are set to expire at the end of next year.
“Businesses large and small require certainty for the future to invest in their own expansion, which creates jobs and grows the economy. Making permanent the current rates on capital gains and dividends is a needed step for providing that greater certainty and aiding our economic recovery.
“We urge Congress to pass this important legislation without delay.”