December 7, 2005

Right March Alert, Tax Reconciliation Bills: Important!

ALERT: How about some FACTS on our economy for a change — instead of the negative LIES that keep coming from the liberals and the media (but I repeat myself)?

Here’s a FACT: The 2003 Tax Reform Package helped boost our economy with revolutionary incentives for investment. The top rate for capital gains was slashed to 15% and for the first time, dividends are now taxed as capital gains rather than ordinary income. Without these fundamental, common sense reforms, our economy would not be as healthy and capitalized as it is today.

However, unless Congress acts in the next two weeks, these reforms and many more will start to expire at the end of 2005. Fortunately, tax reconciliation bills have been passed by the House of Representatives (H.R. 4297) and the Senate (S. 2020) that could give these tax provisions a new lease on life. What is uncertain is how the final bill will emerge from conference.

While both bills include some popular tax-cut extensions that have received bipartisan support in the past, there are major differences between the measures. The House bill extends the reduced tax rates on capital gains and dividends for two years, which are currently scheduled to expire at the end of 2008. The Senate bill does not extend the reduced rates.

The differences between the House and Senate bills could set up a difficult conference between the two chambers as lawmakers attempt to trade and bargain for their favored provisions. Conservative action is needed NOW to make sure that capital gains reduction and dividend tax reforms are in the final conference report.

TAKE ACTION: You and I have worked hard to get Congress to start “sunsetting” (expire) certain laws and even agencies in the past. What we DON’T need to “sunset” are the very reforms that have BOOSTED our economy and kept it HEALTHY, in spite of the onslaught of the Clinton inflation in 2000 and 9/11 in 2001. The Democrats and liberal Republicans that want to “sunset” the beneficial reforms need to be STOPPED.

Congress is back in session for only TWO WEEKS — so they need to hear from YOU and I NOW. Click below now to send a FREE message to your BOTH your U.S. Senators and Representative, asking him or her to KEEP the vital 2003 capital gains and dividend reforms in the tax reconciliation bills:

NOTE: Be sure to forward this Alert to EVERYONE you know who wants to help get Congress to keep our economy healthy with these tax reforms. Thank you!


William Greene, President

by @ 4:32 pm. Filed under Taxes
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