Washington Update

They're at it again. As the dog days of summer grind on in
Washington, politicians on both sides of the aisle are scrambling to conclude their annual "lets-change-the-tax-code" dance before the Labor Day recess. The "Financial Freedom Act of 1999" includes proposals for a 10% across-the-board tax rate reduction; marriage tax penalty relief; incentives for specific savings and investments; education, health care and death tax relief; and much more. The goal: use up some of the $1 trillion surplus projected for the next few years. See the full proposal:

http://www.house.gov/ways_means/fullcomm/106cong/fc-10act.htm