The New Dividend Tax Cut: Bush's Prescription for Rescuing the Economy

Akron Tax Journal, Vol. 19, p. 25, 2004

25 Pages Posted: 15 Feb 2010  

Beckett G. Cantley

Atlanta's John Marshall Law School

Date Written: August 1, 2004

Abstract

President Bush unveiled his 2004 "economic growth" package on February 3, 2003, which contained nearly $ 1.47 trillion in tax cuts through the year 2013. According to the Treasury, 23 million small business owners would receive tax cuts averaging $ 2,209. In the Economic Report of the President, Bush stated, "Ending the double tax on corporate income would increase the ability of a corporation to raise equity capital, providing near term support to investment while improving the long-term capital markets." According to the White House, the President's tax cuts will spur economic growth in three ways: (1) by encouraging consumer spending that will boost the economy and create jobs; (2) by promoting investment by individuals and businesses that will also lead to economic growth and job creation; and (3) by delivering critical help to unemployed citizens.

Suggested Citation

Cantley, Beckett G., The New Dividend Tax Cut: Bush's Prescription for Rescuing the Economy (August 1, 2004). Akron Tax Journal, Vol. 19, p. 25, 2004. Available at SSRN: https://ssrn.com/abstract=1552951

Beckett Gordon Cantley (Contact Author)

Atlanta's John Marshall Law School ( email )

1422 W. Peachtree Street, N.W.
Atlanta, GA 30309
United States
404-502-6716 (Phone)

HOME PAGE: http://www.johnmarshall.edu/facultystaff/beckett-cantley/

Register to save articles to
your library

Register

Paper statistics

Downloads
12
Abstract Views
268
PlumX