NU Online News Service, Jan. 27, 10:22 a.m. – President George W. Bush's proposal to eliminate the tax on stock dividends would devastate life and annuity sales, particularly variable annuities, by reducing their relative tax advantages, according to Andrew Kligerman, a securities analyst with Bear Stearns & Company Inc., New York.
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Analyst: Bush Plan Would Hurt Annuity Sales
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Staff Writer
January 27, 2003 at 07:00 PM
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But Kligerman predicts in a commentary on the proposal that Bush's plan for eliminating the dividend tax is unlikely to fly in Congress.
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