Well, well, well. The fiscally irresponsible fatcats have done it agin.
"House Approves $56.6 Bln Tax Measure Extending Dividend Rate
Dec. 8 (Bloomberg) -- The U.S. House passed a $56.6 billion budget measure that extends past 2008 a 15 percent tax rate on dividends and most capital gains.
The House voted 234-197 to extend for two years the 15 percent rate on dividend and capital-gains taxes that was slated to expire in 2008. Republicans credited President George W. Bush's 2003 tax reductions on investments with boosting the stock market and the economy (Ha, ha, ha!).
``These tax cuts have indeed done what the president said they would do,''(bullshit! Dow is 400 points higher today than when georgie became emperor in 2001!) said Louisiana Representative Jim McCrery, a senior Republican on the House Ways and Means Committee. House Speaker Roy Blunt, a Missouri Republican, urged lawmakers to ``keep the structure that's growing this economy in place.''
Spread the gospel to the soon to be laid off GM and Ford workers, Mr. Representative!
God help us!!
http://quote.bloomberg.com/...
In the meantime. Lets standby and do nothing as the price of energy increases in what could be the coldest winter in a loooong time! We got our priorities straight!!
"Natural-Gas Prices Hit Record Amid Storm
By EN-LAI YEOH, Associated Press Writer 25 minutes ago
SINGAPORE - Natural gas prices rose to a new record Friday as a winter storm hit the northern United States, while crude and heating oil prices also gained amid expectations for strong demand. Natural gas for January on the New York Mercantile Exchange reached a new intraday high of $15.52 per 1,000 cubic feet in Asian trading before slipping back to $15.233 per 1,000 cubic feet, up nearly 24 cents. The contract had closed at $14.994 overnight, also a new record."
"The U.S. Energy Department recently predicted that households heating primarily with natural gas can expect to spend about 50 percent more this winter."
http://news.yahoo.com/...
English title: To rob Peter to pay Paul.