BRADY: President Advocates Increasing Individual Income Tax Rates...

Texas Insider Report: Washington D.C. President Obama advocates increasing individual income tax rates boosting taxes on capital gains and dividends and imposing more taxes on American companies successfully selling American-made goods & services overseas. Tuesdays JEC hearing will examine the empirical evidence on how changes in the taxation of capital such as those that President Obama has proposed would affect business investment and therefore economic growth & job creation."   Cong. Kevin Brady (R-TX) Vice Chairman of the Joint Economic Committee (JEC) and a senior member of the House Ways & Means Committee who will preside over the Tuesday April 17 2012 hearing.

Further details by clicking here.    

How taxation of capital affects growth and employment is the focus. The time & location are Tuesday April  17 2012 at 10:00 am in the Hart Senate Office Building Room 216. In preparation for the hearing Brady noted

In previous JEC hearings we have shown a strong relationship between changes in business investment in buildings equipment & software and changes in private sector job growth."

The following persons are scheduled to testify:

• Jane Gravelle Ph.D. Senior Specialist of the Government and Finance Division at the Congressional Research Service.
• Kevin Hassett Ph.D. Senior Fellow and Director of Economic Policy Studies at the American Enterprise Institute.