SIFMA today released the following statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy after the conclusion of a meeting between President Obama and the Republican leadership of the House of Representatives and Senate.
“We are hopeful that today’s meeting produced a path forward to address the expiring tax provisions that will impact all investors at the end of this year. Allowing the tax rates on capital gains and dividends to rise to their pre-2003 levels would stifle capital availability, hurt American investors, and undermine our economic recovery. We continue to urge both the Congress and the President to extend, permanently, the current tax rates for capital gains and dividends prior to year end.”