CEOs Don’t Want A Tax Increase On Dividends

Dear Secretary Geithner: Three and a half years have passed since the start of the financial crisis, and economic recovery is finally taking hold. We are concerned about a specific part of the Obama administration’s fiscal year 2013 budget proposal — increasing the tax rate on dividends and capital gains — and the adverse effect it will most likely have on our economy and job creation.

Dividend-paying stocks offer investors a bright spot in a challenging financial marketplace. The administration’s plan to increase the top tax rate on dividends from 15 percent to 39.6 percent in 2013 will very likely have a seriously disruptive effect on this economic sector, reducing the incentive to pay dividends.

Source: POLITICO

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