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Wednesday, May 17, 2006

Some Good News: Tax Cut Extension Signed

A little positive news for President Bush today - he just signed a bill that will extend dividend and capital gains tax cuts for another two years, until 2010. While the cuts should be made permanent, this is better than what Democrats want, which is to raise everyone's taxes. I can't believe they still believe that the tax cuts are actually reducing government revenue...can't they read the government income statement?

So let's applaud the President for getting this done - especially as the markets are reeling.