Skip to main content
Image
Photo of the U.S. Capitol dome

Eliminating the Unfair Double Taxation on Dividend Income Equals Economic Boost and Job Creation

March 13, 2003
Today, Rep. Joe Wilson (R-SC) made the following remarks on the House Floor:"Mr. Speaker, over 250 national economists have urged Congress to repeal the unjust double taxation on dividend income. This is an excellent opportunity to dramatically boost our economy and create jobs for Americans," said Rep. Wilson."There is an urgent need to pass President's Bush's plan. On March 11th, the widely respected Charles Schwab wrote in The Washington Post, ‘If we are going to stimulate the economy, we need a tax policy that bolsters confidence, improves corporate governance, unlocks the stagnant capital inside companies and lifts the stock market across the board. Only the elimination of the double tax on dividends achieves all these goals. Congress ought to pass it quickly.'"That is why I have introduced H.R. 225, The Double Taxation Elimination Act of 2003, and I ask my colleagues to join me in ending this unfair double tax on dividends, which has been championed by Policy Committee Chairman Chris Cox and which has been promoted by Ways and Means Committee Chairman Bill Thomas. With this plan we can stimulate the economy and create jobs."And in conclusion, God bless our troops," said Rep. Wilson.###