SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy in response to Senate passage of legislation that would extend, for two years, the current rates on capital gains and dividends tax rates.
“The Senate took a critical step today toward putting the economic recovery on firmer ground by providing America’s investors the necessary certainty they need. Maintaining current tax rates on capital gains and dividends over the next two years will help encourage savings and investment, thus promoting economic growth and job creation. We strongly urge the House of Representatives to pass this legislation quickly and send it to the President for his signature.”