Newt Gingrich and Peter Ferrara, "Make the Bush Tax Cuts Permanent"

“…this year the House Republican majority should pass a permanent extension of the Bush tax cuts. Even that is just a beginning. To touch off a boom — and secure a prosperous future for all Americans — what’s really needed are additional, sweeping rate cuts on both individual and corporate income”

Ann Kinkade, president of Family Enterprise USA

“If Congress allows the current tax rate on long-term capital gains and dividends to increase it will ultimately have a negative impact on a family’s reinvestment in the company and overall economic activity.”

Treasury Secretary Timothy Geithner

“The most important thing we can do to promote our long-term growth is to improve the quality of education, to invest in innovation, and to rebuild America’s infrastructure. Without these investments, America will be weaker and less competitive.”

“As part of this strategy for growth, the president proposes reforms to our tax system designed to encourage investment. We propose to put in place a permanent and expanded tax credit for research and development in the United States, to eliminate — to eliminate — capital gains on investments in small businesses, to encourage advance manufacturing and clean energy technologies, to keep taxes on investment income — dividends and capital gains — low, to reform and extend the Build America bond program, and to make college more affordable for middle-class Americans”

Mark Bloomfield, president of the American Council for Capital Formation

“The long-term strength of an economy is its long-term level of savings and investment,” “We have got a shortage of savings. The higher tax rates will incrementally shift incentives away from savings and investment to consumption. If Washington wants to tax the rich, he said, it should tax their consumption. Tax their yachts and their Cape Cod estates,” he said.

Christina Romer, current Chair of President Obama’s Council of Economic Advisors

“Tax increases…The large effect stems in considerable part from a powerful negative effect of tax increases on investment.”

Dan Caplinger

“Even if higher rates are limited to upper-income taxpayers, it could spark a reversal in corporate dividend policy that would once again push companies away from paying dividends. That, in turn, would leave income-hungry investors little choice but to sell stocks and seek other ways of finding the cash they need.”

Professor Glenn Hubbard, Graduate School of Business at Columbia University

“Such a dividend tax change is bad news for the stock market. Equities have value in part because they pay dividends. That dividend taxes reduce firm value is, by now, well established. And higher dividend taxes will reduce dividends and increase investors required return. That means a higher cost of capital for investment, just when we really need that investment. And increasing the tax bias against equity as the administration proposes, will encourage leverage. On the heels of the financial crisis, this is perverse.”

President Barack Obama

“That’s why it is so important that we help small business struggling to open, or stay open, during these difficult times. Building on the tax cuts in the Recovery Act, we’re proposing a complete elimination of capital gains taxes on small business investment along with an extension of write-offs to encourage small businesses to expand in the coming year.”

Rep. Ron Klein

“I hear from senior citizens who share with me how they are getting through these trying times… One thing many of our seniors say, again and again, is that dividend income is a regular stream of income they depend on, and that we should keep taxes on this income low…millions of seniors rely on a steady stream of dividend income in their retirement.”

Professor Louis E. Lataif, Boston University School of Management

“If the tax on dividends is allowed to revert to ordinary income tax there will likely be a reduction in federal tax revenue… More importantly, stock price volatility will inevitably increase, again whipsawing the middle-American family, whose savings and retirement nest eggs will oscillate greatly and unpredictably, affecting individual lives quite directly.”

Wall Street Journal Editorial

“The capital gains rate is crucial to investment decisions; higher rates make capital more expensive, dampening incentives to invest and reducing economic growth. John F. Kennedy understood this, as he proposed a capital gains tax cut. Bill Clinton joined with Republicans in 1997 to sign legislation lowering the rate to 20 percent from 28 percent.”

Rep. Jim McCrery

“At a minimum capital gains and dividend rates should remain tied together to prevent investors from making decisions based on tax policy rather than a company’s fundamentals…In other words, an investor might shy away from a high dividend-paying firm if the tax rate is higher than on capital gains.”

Lee E. Ohanian

“At times I am happy when Congress does nothing. But in this case, doing nothing will increase taxes and damage the economy.”

Mark Bloomfield, president of the American Council for Capital Formation

“I don’t want another period in which retirees see their nest eggs shrink, entrepreneurs can’t access capital, and a tottering economy takes a body blow it shouldn’t have to”

Donald Luskin, chief investment officer of Trend Macrolytics LLC

“The chilling effect on the economy will start to be felt immediately, {if the tax cuts are allowed to expire}. In 2013 the high-income threshold for the higher rates — $200,000 for singles and $250,000 for couples — will become more of a middle-class problem because it isn’t adjusted for inflation.”