"The House bill, which won a fresh endorsement from the administration on Friday, would lower income tax rates and levies on capital gains and small business investments. But rather than eliminating the taxes shareholders pay on most corporate dividends as President Bush has proposed, it would lower the taxes on such payments from a current high rate of 38.6 percent to 15 percent."
In a previous post I said The dividend tax should be eliminated, not reduced. BUT the House's plan has the dividend tax lowered to 15% AS WELL AS a reduction in capital gains tax to 15%. That is a compromise I can live with.