With the House and Senate set to consider final passage of a major tax reconciliation bill, Members of Congress need to know the importance of the policy behind the legislation.

Extending the 15 percent tax rate on dividends and capital gains is crucial, writes Daniel Mitchell. "Failure to reach an agreement would result in a major tax increase," warns Mitchell, and "slow economic growth and undermine America's competitiveness in the global economy."

Some employ class warfare or complaints about the tax cuts' cost to argue against them. But since these tax cuts went into effect, economic growth and job creation have been strong across the economy, spreading benefits widely and expanding the tax base.
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Read Economy Will Benefit If Lawmakers Extend 15 Percent Tax Rate on Dividends an Capital Gains
by Daniel J. Mitchell, Ph.D.

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