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Alliance for Savings and Investment Statement on House Republicans’ FY 2013 Budget Resolution

March 20, 2012    Bookmark and Share

WASHINGTON, D.C. – Former U.S. Representative Jim McCrery, Manager of the Alliance for Savings and Investment (ASI) issued the following statement regarding House Republicans’ Fiscal Year 2013 Budget Resolution unveiled today by Budget Committee Chairman Paul Ryan (R-WI):

“Our economy needs more capital formation - not less - and the House Republican budget rightly encourages savings and investment to fuel economic growth and create jobs,” said Jim McCrery, Manager of ASI. “Looming tax hikes on capital gains and dividend income threaten to hurt millions of taxpayers at every income level, disrupt our financial markets and reduce the flow of capital in our economy. Investors need certainty and we applaud Chairmen Ryan and Camp for their work to build a stronger, more reliable tax code for taxpayers and businesses alike.”

About ASI:

The Alliance for Savings and Investment (ASI) is a diverse coalition of dividend-paying companies, investor organizations and trade associations, formed in support of a common goal: to promote economic recovery, growth and job creation through policies that foster private savings and capital investment.

Learn more about ASI’s work and the importance of a permanent reduction in capital gains and dividend tax rates here: www.theasi.org

Follow ASI on Twitter: @ASIOrg