SIA Submits Comments to the President of the United States on the Administration’s Fiscal Policy and Tax Initiatives

The Securities Industry Association (SIA)* provides comments to the President of the United States strongly supporting the Administration’s ongoing efforts to promote economic growth, create jobs, and reform and simplify U.S. tax laws. SIA believes action is necessary in three areas:

• accelerate and make permanent the retirement and education savings provisions of the 2001 Economic Growth and Tax Relief Reconciliation Act;
• eliminating or significantly reducing the double taxation of corporate earnings; and
• making permanent Subpart F reforms to the international tax rules for financial services firms.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.