Semi-Permanent Tax Cuts

This is great news for the investor class:

"Sen John Kyl told Kudlow & Co. on CNBC that he is working on a five year extension of the 15% marginal tax-rate on investor dividends and capital gains. The same rate might apply for the estate tax. Instead of expiring in 2008 under current law, dividends and capgains tax relief could be inserted into the upcoming budget resolution, which will officially cover the next five years. The budget res can pass with 51 votes (including a Cheney tie-breaker), rather than 60 votes if the tax cuts were stand alone and made permanent. Filibusters are ruled out under budget rules."