For Immediate Release
Friday, May 23, 2003
202-285-0244
 www.freedomandprosperity.org

CF&P Applauds President and Congress:
Tax Cut Legislation Produces Lower Taxes on
Capital and Elimination of Anti-Competitive
"Section 911" Provision

Today, Andrew F. Quinlan, President of the Center for Freedom and Prosperity, released the following statement on passage of the economic growth bill:

"The Center for Freedom and Prosperity applauds Congress for sending a bill to the President that reduces the double-taxation of capital gains and dividends and accelerates the planned marginal tax rate reductions. While the overall tax cut is disappointingly small, reducing taxes on income, dividends, and capital gains will make America's tax system more competitive. We are also very pleased that lawmakers removed the anti-competitive "Section 911" provision.  The Center and the Coalition for Tax Competition worked very hard over the last two weeks making sure that Congress understood that it is bad policy to tax Americans who live and work overseas."

For additional comments:

Andrew Quinlan can be reached at 202-285-0244, quinlan@freedomandprosperity.org

________________________________________

Center for Freedom and Prosperity
P.O. Box 10882
Alexandria, Virginia 22310
Phone: 202-285-0244
www.freedomandprosperity.org
cfp@freedomandprosperity.org

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