In a letter sent via the industry’s chief lobby group, the leadership of more than 60 mutual fund companies today asked the House Ways and Means committee to consider allowing mutual fund investors to defer taxes on their capital gains provided those investors reinvest the appreciated assets.

The companies hope the House will include the tax-deferment provision in an economic stimulus package that Washington has been mulling in an effort to counter the effects of a recession and the economic fallout following the terrorist attacks of Sept. 11. Executives propose that the taxes would be due only when an investor sells a fund.

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