Klein, Deutch among 47 House Dems urging no hike in cap gains, dividend taxesby George Bennett | September 28th, 2010
Local Democratic U.S. Reps. Ron Klein and Ted Deutch are among the 47 House Dems asking Speaker Nancy Pelosi not to allow taxes on investment income to increase at the end of the year. Unless Congress extends the Bush tax cuts, capital gains and dividend taxes will increase from the current 15 percent to 20 percent.
Pelosi and President Obama favor allowing the tax rates to increase for individuals earning $200,000 and couples making $250,000 a year.
Klein, facing a tough challenge from Republican Allen West, was also one of at least 38 House Dems who recently called for a short-term extension of the Bush income tax cuts for everyone, including wealthy filers.
Tags: Nancy Pelosi