Dividend Tax Relief: Effects on Economic Recovery, Long-Term Growth, and the Stock Market (CRS Report for Congress)
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| Release Date |
Revised April 1, 2008 |
| Report Number |
RL31824 |
| Report Type |
Report |
| Authors |
Jane G. Gravelle, Government and Finance Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
Several objectives were advanced for the President's 2003 proposal for dividendrelief to eliminate double taxation of corporate source income, including "creatingjobs" (suggestive of a short-run stimulative effect), enhancing long- term growth andefficiency, "fairness," and increasing the value of the stock market. Dividend reliefwas enacted on a temporary basis in 2003 and was extended in 2006. Elimination ofthe tax is a focus of some tax reform proposals. Dividend relief was not consideredin 2008.
