Jan 07 2003

SHELBY COMMENTS ON PRESIDENT BUSH’S ECONOMIC STIMULUS PROPOSAL

U.S. Senator Richard C. Shelby (R-AL) today commented on President Bush’s economic stimulus proposal:

“I agree with the President’s focus on the economy and I believe he has chosen crucial areas on which to focus. The extension of unemployment benefits and the reduction in dividend taxes are both targeted at sectors of our economy in need of assistance. Under current law, dividends are taxed twice—both as corporate profits and as income to shareholders.”