Full Dividend Tax Cut Unlikely
Insurance Chronicle (01/13/03) Vol. 14, No. 3 p.7; Anand, Vineeta

The Bush administration has proposed the elimination of the taxation of stock dividends, but securities analysts and economists think that the proposal will probably not make it through Congress and could be seen merely as a bargaining position. Life industry consultant Mathew Greenwald says that the proposal would have an impact on sales of fixed annuities and that product innovators could develop an instrument to compete against fixed annuities. ACLI staff official Jack Dolan is quoted in this article.

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