I was curious about your view on the current tax proposals being proposed in Washington D.C. Here is a quick summary, which probably does not include everything (I am pulling this from memory).House ($860+ Billion over 10 years): 10% cut in income taxes (across the board), Capital Gains Tax cuts (long term: 7.5% for 15% bracket, and 15% for all other brackets), Education IRA contribution limit is increased to $2000 from $500 and these funds can be used to pay for pre-college private school.Senate ($780+ Billion over 10 years): 15% tax bracket is changed to 14%, elimination of the Marriage Penalty, and new deductions for some education costs (AFAIR) and costs of care for elderly parents.White House ($250 Billion over 10 years): A few targeted tax cuts for kids and long term care, and the Universal Savings Accounts ($300 or less from the gov't from a tax credit, $350 from you, $350 or less in match from the gov't from a tax credit / year).jbw
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