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SIFMA Applauds House Passage Of Tax Rate Extension Legislation

Date 17/12/2010

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in response to House passage of legislation that would extend, for two years, the current rates on capital gains and dividends tax rates.

“The House took a necessary and important vote today to extend the current taxes rates on capital gains and dividends for two years. This will help put America’s economic recovery on firmer ground. Keeping tax rates low for capital gains and dividends helps encourage savings and investment, thus promoting economic growth and job creation.”

“SIFMA is also pleased the Congress included in this legislation extensions of certain business tax extenders that are crucial for American businesses to continue to contribute to economic growth without additional tax burden.”