As expected, the president's proposals contained a call to eliminate the tax on dividends.

So they benefit even more when the capital gains rate is reduced than they do from eliminating the tax on dividends.

They would save an average of $26,800 from eliminating the tax on most dividends.

Q. What will eliminating the tax on dividends mean for the stock market?

A. The markets have already begun to rise with the news that the president will push to eliminate the tax on dividends.

He favors eliminating taxes on capital gains and dividends.

The Republicans want to eliminate taxes on capital gains, dividends, rents, royalties and interest.

"Arkansans need to know," she said, "that the president's proposal to eliminate taxes on dividends is simply too expensive and just won't work for them."

This cannot be accomplished if the president carries out his plan to eliminate taxes on dividends.

Mr. Bush proposed eliminating taxes on dividends in 2003, but was forced to compromise and accept only a 50 percent cut.