Chemical industry hails economic stimulus plan.(from President George W. Bush)

Chemical Market Reporter, January, 2003 by Hess, Glenn

The chemical industry is expressing strong support for President George W. Bush's economic stimulus plan, saying his dividend exclusion proposal will encourage reinvestment in the US economy. "President Bush's plan will benefit the US economy and thereby the chemical industry. And a growing US chemical sector will create new jobs for Americans," says American Chemistry Council (ACC) president Greg Lebedev.

The $674 billion, 10-year package of tax cuts and incentives offered by the White House is designed to encourage more aggressive investment in the stock market and new capital investment by business. The centerpiece of the proposal--the complete elimination of federal income taxes on stock dividends--would help correct an imbalance in the tax...

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