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AGA Applauds Policy Guidance on Cyber Threat Information Sharing and Antitrust
Utilities Work With Congress to Continue Safe Delivery of Natural Gas
AGA

 12/2/2010 

AGA Contacts:
Jennifer O’Shea, 202-824-7023
Jake Rubin, 202-824-7027

 AGA Urges Congress to Keep Dividend Tax Rates Low   

 
   

Washington, D.C. — The American Gas Association (AGA) today reiterates its support of low dividend tax rates as an important factor in America’s economic recovery.  AGA urges Congress to oppose H.R. 4853, which would increase maximum dividend tax rates from 15 percent to 39.6 percent, an increase of 164 percent.

H.R. 4853, expected to come before the House of Representatives today, will penalize shareholders who rely on dividends, many of whom are seniors on fixed incomes.  It would also penalize stable and responsible companies, such as America’s energy utilities, that pay dividends.

“Our economic recovery is still fragile; now is not the time to increase taxes on investment,” said Dave Parker, president and CEO of AGA.

Extending the current lower rates as soon as possible would remove some of the uncertainty plaguing the markets and instill a sense of confidence in equity investors.  Through its Defend My Dividend campaign, AGA continues to champion this important goal.  Learn more at www.DefendMyDividend.org.

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The American Gas Association, founded in 1918, represents more than 200 local energy companies that deliver clean natural gas throughout the United States. There are more than 71 million residential, commercial and industrial natural gas customers in the U.S., of which 94 percent — over 68 million customers — receive their gas from AGA members. Today, natural gas meets almost one-fourth of the United States' energy needs.

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