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Senate Democrats Block Capital Gain Rate Reduction Extension

by | Nov 18, 2005 | Uncategorized

Senate Democrats on November 15, 2005 blocked extension of the reduced tax rates on capital gains and dividends. The provision called for capital gains and dividends to continue to be taxed through 2009 at 15 percent (5 percent for low and middle-income taxpayers, reduced to zero percent in 2008). Those rates are currently set to increase after 2008. Click here for the full article