Harsh Truth: Bush's Tax Plan Won't Survive Without Changes
Wall Street Journal Online (01/09/03) Vol. 113, No. 48 p.26; Herman, Tom

President Bush's latest tax incentive proposal would eliminate taxes on dividends and accelerate other incentives already passed, but political and tax analysts insist that the plan will not pass unchanged through Congress. The dividend tax incentive is the most controversial part of the plan, and experts agree that a portion of the taxes may be eliminated, but Bush's plan to eliminate the whole tax likely will not pass, according to this editorial. Whatever the final result of the proposal and subsequent legislation, investors will have to begin rethinking their investment strategies, such as refraining from investments in foreign companies that do not pay U.S. taxes, the commentary says.

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