Taxes: Business Groups Push For Bush’s Tax Cut On Dividends
Top business groups are launching a new effort to secure passage
of President Bush’s plan to eliminate individual taxation on
stock dividends, CongressDaily reports. The Tax Relief Coalition
(TRC), the Business Roundtable and Citizens for a Sound Economy
will co-chair the new TRC Committee for Dividend Benefits. The
dividend proposal is the centerpiece of Bush’s $695 billion
economic growth package. But the plan has drawn questions even
from moderate lawmakers of both parties, who are concerned about
the overall price tag of the package. The new TRC committee held
its first meeting on Thursday. The committee plans an extensive
effort that will include public outreach, the generation of
economic studies, forums for discussing the dividend plan and
advertising, according to a statement.