Spencer Cox: “our economy needs new jobs. That is why I so strongly support President Bush's proposal to promote job creation and…”

“our economy needs new jobs. That is why I so strongly support President Bush's proposal to promote job creation and economic growth. One provision of that plan will lead to the creation of over 400,000 new jobs by the end of next year, and that is the proposal to eliminate the double tax on savings in stocks and mutual funds. America's savers should be rewarded, not penalized, for investing, because when they invest their savings, they not only promote job creation, create the wherewithal for the hiring of new workers, but they also help provide for their own retirement. Indeed, those who are already retired stand to benefit from the elimination of the double tax, because over half of dividend payments are received by senior citizens. To get our economy growing again, to provide tax fairness to the men and women who are saving for their future retirement and those who are already on fixed incomes, it is time to repeal the double tax on savings.”