Release Date: November 3, 2010
Contact: Andrew DeSouza, 202.962.7390, email@example.com
SIFMA Welcomes Administration’s Willingness to Keep Capital Gains, Dividends Tax Rate at Current Levels
Urges Congress and Administration to Resolve Unfinished Business
Washington, DC, November 3, 2010—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.”
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit www.sifma.org.