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.