Congress voted, by healthy margins (244-185 in the House, 54-44 in the Senate), to extend the tax cuts on dividends and capital gains through the end of 2010.Congress voted, by healthy margins (244-185 in the House, 54-44 in the Senate), to extend the tax cuts on dividends and capital gains through the end of 2010. Now all the tax cuts will expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. at that time. It was a wise, and overdue OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue. 2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick. , move. Reduced taxes on capital fueled the late-1990s boom, which really took off when Congress cut capital-gains taxes in 1997, and the current one, which began in earnest ear·nest 1 adj. 1. Marked by or showing deep sincerity or seriousness: an earnest gesture of goodwill. 2. Of an important or weighty nature; grave. See Synonyms at serious. when Congress enacted further tax cuts on capital in 2003. But Republicans won't won't Contraction of will not. won't will not won't will have sealed the deal against higher taxes until they first restrain and then cut spending. Our corporate taxes are high compared with those of most of our trading partners, and our tax code remains excessively complex and inefficient. There is plenty of work still to do. |
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