The U.S. House is looking to punish investors by installing a permanent tax. Although, the bill will give some temporary tax relief to citizens it would hurt us all by putting up barriers to investments. Does it really seem like a smart idea to discourage investments by taxing them? I understand that you tax what you want to limit... Do we want to limit investments? Take Action Here!

-Trav

Stop The Tax Assault on Investment

The House of Representative will vote on a permanent tax hike to punish successful investment activity as early as this week. We need your help to stop tax hikes on investment activity during a crucial time when a majority of Americans own stocks, including millions who hold investments indirectly through their retirement plans.
HR 3996 would provide some temporary tax relief for citizens, but it will also include billions of dollars in permanent and unnecessary tax hikes, including an economy-destroying tax hike on investment activity. This tax hike is the first step in a strategy that could undo not just the 2003 capital gains cut, but perhaps raise that capital gains tax rate to much higher levels, removing this important incentive for investment and entrepreneurship.
The House will vote on whether to hike tax rates on so-called "carried interest" capital gains, the portion of a capital gain from a partnership investment that goes to the general partner. Hiking taxes on carried interest capital gains will spur a dangerous rush to raise taxes on all capital gains. Why? Because the same lawmakers who consider subjecting carried interest to the capital-gains tax rate a "loophole" also believe the capital-gains tax is a "loophole" for all investors.
Presidential candidate John Edwards' plan to nearly double the capital-gains tax rate is an early warning sign that unless attempts to tax partnership carried interest are stopped now, Uncle Sam will be knocking on the door of ma and pa investor next.
All of this is really just a poorly conceived plan to patch the broken AMT.  We must insist that Congress find a way to prevent the expansion of the AMT into the middle class without simply raising taxes on a different portion of their income.
Members of Congress need to hear from you today before this key vote goes to the floor, which could be as early as tomorrow. Tell your lawmaker the puny tax relief this bill provides is not enough to justify hiking taxes on the driving force behind the American economy -- investment activity.

Take Action!