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Economic Effects of Increasing the Tax Rates on Capital Gains and Dividends heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
Thanks in part to the reduced cost of capital, business investmenthas grown in every quarter since the 2003 tax cut, but the average taxation of dividends will become 28 percent if JGTRRA provisionsare allowed to expire. Extending the 2003 tax rates or making thempermanent would reinforce a central element of good economicpolicy: predictable and stable tax law. ....
Members of Congress are again looking to repeal the estate tax, commonly referred to as the death tax among agricultural circles. Although the tax reforms enacted during the Trump Administration offered a limited repeal of the estate tax, this bill would allow for a complete repeal of the estate tax. The Death Tax Repeal Act of 2021 was introduced this week by Sen. John Thune, R-S.D. with 25 Republican co-sponsors, and Reps. Sanford Bishop, D-Ga., and Jason Smith, R-Mo., who have 120 -cosponsors, however, Bishop is the only Democrat. Some Democrat proposals have threatened an elimination of the estate tax as well as stepped-up basis. ....