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Boozman: Capital Gains Cuts Need Permanency

Press Release

Date: Feb. 14, 2008
Location: Washington, DC
Issues: Business and Consumers Taxes


Boozman: Capital Gains Cuts Need Permanency

U.S. Representative John Boozman (R-AR) today affirmed his commitment to keeping money in the hands of working Americans, and out of the government's coffers, by co-sponsoring key tax legislation.

H.R. 2312, offered by Rep. Eric Cantor (R-VA), would make permanent the 15% individual income tax rates for capital gains and dividends set to expire at the end of the year.

"Allowing a raise in the capital gains tax is exactly the wrong thing for a threatened economy," Boozman said. "We must provide those who invest in business, those who create jobs for working Americans, the knowledge that their investments will be charged a consistent tax rate. Knowing that a tax will go up on dividends will likely lead to a reduction in long-term investment, and a significant sell off by year's end.

"We should be encouraging entrepreneurship in this economy, and not setting it up for a fall because this Congress wants more of the people's money in its coffers," Boozman added.


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