Bush's Plan Would Scrap Many Investor Taxes
New York Times (02/06/03) ; Andrews, Edmund L.

President Bush's current tax incentive proposal would cut dividend taxes, and the proposal would also free individual retirement and savings accounts from taxes, creating a comprehensive tax shelter, according to tax expert Alan J. Auerbach. Moreover, the proposed reforms would eliminate taxes on bank certificates of deposit, corporate bonds, and many investments held in new accounts. Bush estimates that retirement and savings account reforms would generate $15 billion in revenue for the government over the next five years.


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