Washington DC—Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee and senior member of the House Ways and Means Committee, will preside over a hearing on how taxation of capital affects growth and employment on Tuesday, April  17, 2012 at 10:00 am in the Hart Senate Office Building Room 216.

In preparation for the hearing Brady said, “Tuesday’s JEC hearing will examine the empirical evidence on how changes in the taxation of capital, such as those that President Obama has proposed, would affect business investment and therefore economic growth and job creation.”

Brady also noted, “President Obama advocates increasing individual income tax rates, boosting taxes on capital gains and dividends, and imposing more taxes on American companies successfully selling American-made goods and services overseas.  In previous JEC hearings, we have shown a strong relationship between changes in business investment in buildings, equipment, and software and changes in private sector job growth.”

The following persons are scheduled to testify:

• Kevin Hassett, Ph.D., Senior Fellow and Director of Economic Policy Studies at the American Enterprise Institute.
• Jane Gravelle, Ph.D., Senior Specialist of the Government and Finance Division at the Congressional Research Service.