Per Kiplinger don't expect much in the way of a decision on the expiring Bush tax cuts before November elections. The Democrats are wanting to use them as a political tool against the Republicans claiming they want to keep the tax cuts for preferential treatment to the rich as well as showing how the Republicans have opposed other measures that would help lower incomers. The Republicans look forward to the fight claiming that tax hikes on small business would take the wind out of the economy.
Hasn't Washington figured out yet that no one wins when two elephants fight? What kind of political gains can the Dems, who hold majorities in the House and Senate, hope to gain by delaying action? Doesn't that give the opposition even more ammo for the argument "Gov't is too big to do anything"? And so what if the Republicans throw a few rocks back, what in the end is accomplished?
Bottom line for you and me is we are still left out in the dark as to what to do between now and year end regarding certain capital decisions. As always we will keep you informed should anything change.
Monday, August 23, 2010
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