President Claims Anew End The Double Tax On Dividends!

Statement By 60 Plus Association President Jim Martin

Arlington, VA — “The 60 Plus Association strongly embraces the President’s reassertion of the need to end double taxation on dividends.”

That statement was made Thursday by 60 Plus Association Jim Martin who said, “ending the double taxation on dividends is the centerpiece of the President’s tax cut proposal. Senior citizens depend heavily on their Social Security, their pensions and just as heavily, on income from dividends that they’ve acquired through years of work and savings.

“These dividends help seniors on fixed incomes with enough money, as the President said, ‘to live out their final years.’

“Seniors across America endorse this President’s plan to revive the economy and agree with the President’s words that ending the double taxation of dividends is good for all workers, not only seniors.

“What President Coolidge knew and what President Kennedy knew and what President Reagan knew, President Bush also knows; that history has shown time and again that tax cuts are one of the most effective tools any government has to create jobs, juice a slumping economy, propel growth and secure the financial wherewithal of American families across all socio-economic levels. It’s as close to a can’t-miss as there is. As President Kennedy said, ‘a rising tide lifts all boats’. A tax cut benefits 100% of the population.”

The President reasserted his tax cut plan to revive the economy in a speech to factory workers Thursday in Canton, Ohio.

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