SIFMA Welcomes Administration’s Willingness To Keep Capital Gains, Dividends Tax Rate At Current Levels - Urges Congress And Administration To Resolve Unfinished Business

SIFMA today released the following statement from Tim Ryan, president and CEO, in response to comments from the Administration on keeping the current tax rates on capital gains and dividends for all Americans.

“We welcome the Administration’s statement that it will seek to extend the preferential rates for capital gains and dividends for everyone. Given the state of the nation’s economy, a tax hike could have a negative impact not only on individual investors, but America’s families, seniors and businesses. Congress and the Administration should extend or make permanent the current 15 percent maximum tax rate on long-term capital gains and dividends. Doing so will establish a solid and robust foundation for healthy and sustainable economic growth and job creation.”